William Raveis RE & Home Serv. Represents Buyer In $7.5M Nantucket Single Family Sale
SOLD
$7,500,000
Massachusetts
See Similar DealsSingle Family Residence8,557 SF
Sold
SOLD
William Raveis RE & Home Serv. Represents Buyer In $7.5M Nantucket Single Family Sale
21 Brewster Road, Nantucket, MA, USA
See Similar DealsSingle Family Residence8,557 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Single Family Residence
Price Per Square Foot:$876
Total Square Footage:8557 SF
Transaction Type:Sale
The single-family property located at 21 Brewster Road in Nantucket, MA was recently sold for a price of $7,500,000. This spacious property spans 8,557 square feet, resulting in a price per square foot of $876. The sale took place on December 4, 2020.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $7,500,000
- Address: 21 Brewster Road, Nantucket, MA
- Square Footage: 8,557
- Price per Square Foot: $876
- Market: Nantucket, MA
- Buyer's Representative: Mark Madigan - William Raveis RE & Home Serv.
- Seller's Representatives: Brian Sullivan & Sarah Holmes - Fisher Real Estate
The buyer in this transaction was represented by Mark Madigan from William Raveis RE & Home Serv. On the other hand, Brian Sullivan and Sarah Holmes from Fisher Real Estate represented the sellers. This successful sale reflects the attractiveness and demand for high-end properties in Nantucket.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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