Updated Dec 21, 2023
Mike Amaru Of Amaru Reality International Sells 17.5-Acre Farm In Kingston, MA For $5.8M
31 Ortolani Circle, Kingston, Massachusetts 02364, United States
$5,850,000
$650,000/SF
Building Size
9 SF
Asset Type
Other
Closing
Oct 11, 2022
About this deal
AI
The farm located at 31 Ortolani Cir in Kingston, MA has been sold for $5,850,000. The property covers an area of 17.5 acres and features a total square footage of 9,778. The sale took place on 11/10/2022 and the buyer's representative in this transaction was David O'leary from Coldwell Banker Realty - Hingham. The seller's representative was Mike Amaru from Amaru Reality International - Keller Williams Realty - Centerville. The price per square foot for this transaction was $598.
Summary of transaction details
- Property Type: Farm
- Transaction Amount: $5,850,000
- Market: Kingston, MA
- Acres: 17.5
- Square Footage: 9,778
Mike Amaru from Amaru Reality International - Keller Williams Realty - Centerville represented the seller in this deal, while David O'leary from Coldwell Banker Realty - Hingham acted as the buyer's representative. This sale showcases the successful collaboration between these real estate professionals.
Players
Kingston Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93