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.
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