Updated Dec 4, 2024
Historic Greek Revival Mansion On Nantucket Main Street Sold For $24.8 Million
72 Main Street
$24,800,000
$3,644/SF
Building Size
6,804 SF
Asset Type
Single Family
Closing
Sep 23, 2024
About this deal
AI
A historic Greek Revival mansion located at 72 Main Street in Nantucket, MA, has been sold for $24.8 million. The property comprises 6,804 square feet and features a price per square foot of $3,645. Originally built in 1820, the home has been updated while preserving its historic characteristics.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $24,800,000
- Sale Date: 09/23/2024
- Broker: Bernadette Meyer - Maury People Sotheby's Realty
- Market: Nantucket, MA
- Square Footage: 6,804
- Price per Square Foot: $3,645
This sale represents a near-record transaction for non-waterfront properties on the island, highlighting the demand for historic homes that maintain their original charm despite the lack of water views.
Nantucket Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93