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63 Hulbert Avenue, Nantucke...

Stephen Ricks Acquires Single Family Property In Nantucket, MA For $33M
SOLDSingle Family Residence

Stephen Ricks Acquires Single Family Property In Nantucket, MA For $33M

63 Hulbert Avenue, Nantucket, Massachusetts 02554, United States

$33,000,000

Building Size

Asset Type

Single Family Residence

Closing

Oct 7, 2022

AI

The single-family property located at 63 & 63.5 Hulbert Ave in Nantucket, MA has been sold for a transaction amount of $33,000,000. The sale took place on 10/08/2022. The property is situated in a picturesque location in Nantucket and offers an attractive investment opportunity.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $33,000,000
  • Address: 63 & 63.5 Hulbert Ave, Nantucket, MA
  • Market: Nantucket, MA

Stephen Ricks has purchased the property from Alerion Partners, represented by Leigh Failing and Bruce Failing Jr. Bill Liddle and Laura Belair, from Great Point Properties, acted as the buyer's representatives in the deal. Jeanne Hicks from Lee Real Estate represented Alerion Partners as the seller's representative.

Players

Bill Liddle

Great Point Properties

Broker

$33M

vol

1 deal

Broker

Nantucket Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93