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
Nantucket Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
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