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475 Nantasket Avenue, Hull,...

RCG Properties Acquires Multifamily Property In Hull, MA For $1M
SOLDMultiFamily

RCG Properties Acquires Multifamily Property In Hull, MA For $1M

475 Nantasket Avenue, Hull, MA 02045

$1,000,000

$189/SF

Building Size

5,292 SF

Asset Type

MultiFamily

Closing

Oct 13, 2021

AI

The multifamily property located at 475 Nantasket Ave in Hull, MA was recently sold on October 13, 2021. The property spans 5,292 square feet and was sold for a total price of $1,000,000, resulting in a price per square foot of $189. The transaction was facilitated by brokers John Schwagerl and Scott Twadelle from RCG Properties.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Address: 475 Nantasket Ave, Hull, MA
  • Market: Hull, MA
  • Square Footage: 5,292
  • Price per Square Foot: $189
  • Brokers: John Schwagerl & Scott Twadelle - RCG Properties

The successful sale of the multifamily property was made possible through the expertise and representation of John Schwagerl and Scott Twadelle from RCG Properties. Their involvement in the deal highlights their role as brokers in facilitating the transaction between the buyer and seller.

Players

John Schwagerl

Broker

$3.5M

vol

3 deals

Broker

Hull MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93