Benjamin Lincoln Acquires Multifamily In Nantucket For $5.5M
SOLD
$5,495,000
Massachusetts
See Similar DealsMultiFamily4,869 SF
Sold 02/08/2022
SOLD
Benjamin Lincoln Acquires Multifamily In Nantucket For $5.5M
45 Pleasant St, Nantucket, Massachusetts 02554, United States
See Similar DealsMultiFamily4,869 SF
Sold 02/08/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1,128
Total Square Footage:4,869 SF
Transaction Type:Sale
The multifamily property located at 45 A & B Pleasant St in Nantucket, MA has been sold for a price of $5,495,000. The property spans 4,869 square feet, resulting in a price per square foot of $1,129.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,495,000
- Date: 02/08/2022
- Address: 45 A & B Pleasant St, Nantucket, MA
- Market: Nantucket, MA
The buyer in this transaction was represented by Benjamin Lincoln from Compass, while the seller was represented by Brigitte Petrocelli from Coldwell Banker Realty - Back Bay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,522.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,049.10
Annual Debt Service$312,589.24
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