Updated Oct 28, 2024
Nantucket Cottage Hospital Acquires Employee Housing In Nantucket For $3.7M
39 Beach Grass Road, Nantucket, Massachusetts 02554, United States
$3,700,000
Building Size
—
Asset Type
Other
Closing
Mar 16, 2022
About this deal
AI
The employee housing property located at 39 & 41 Beach Grass Road in Nantucket, MA has been sold for a price of $3,700,000. The sale was facilitated by James Lanza, representing the buyer, Nantucket Cottage Hospital.
Summary of transaction details:
- Property Type: Employee Housing
- Transaction Amount: $3,700,000
- Date: 03/17/2022
- Address: 39 & 41 Beach Grass Road, Nantucket, MA
- Market: Nantucket, MA
James Lanza, acting on behalf of Nantucket Cottage Hospital, successfully acquired the employee housing property located at 39 & 41 Beach Grass Road in Nantucket, MA. This transaction took place on 03/17/2022, with the property selling for a price of $3,700,000.
Players
Nantucket Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93