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4b Witherspoon Drive

Brian Sullivan Of Fisher Real Estate Facilitates Sale Of Nantucket Multifamily For $1.39M
SOLDMultiFamily

Brian Sullivan Of Fisher Real Estate Facilitates Sale Of Nantucket Multifamily For $1.39M

4b Witherspoon Drive

$1,387,500

$836/SF

Building Size

1,658 SF

Asset Type

MultiFamily

Closing

Feb 16, 2024

AI

A multifamily property located at 4b Witherspoon Drive in Nantucket, Massachusetts, was recently sold for $1,387,500. The transaction was facilitated by Brian Sullivan of Fisher Real Estate. The property spans 1,658 square feet, resulting in a price per square foot of $837.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,387,500
  • Address: 4b Witherspoon Drive
  • Market: Nantucket, MA
  • Broker: Brian Sullivan - Fisher Real Estate
  • Square Footage: 1,658
  • Price Per Square Foot: $837

Brian Sullivan of Fisher Real Estate played a pivotal role in overseeing the sale of the multifamily property at 4b Witherspoon Drive in Nantucket. The successful completion of this transaction highlights the expertise and professionalism of those involved in the deal.

Players

Brian Sullivan

Fisher Real Estate

Broker

$31.3M

vol

7 deals

Broker

Nantucket 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

11.43%

Cash-on-Cash

-3.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93