Updated Dec 4, 2024
Mott & Chace Sotheby's International Realty Brokers Land Sale In Portsmouth For $3.1M
Paquins Lane
$3,100,000
Building Size
—
Asset Type
Land
Closing
Apr 19, 2024
About this deal
AI
The sale of 24 acres of land located on Paquins Lane in Portsmouth, RI has been successfully concluded by Mott & Chace Sotheby’s International Realty for a total price of $3,100,000. This sale marks the highest vacant land transaction in Portsmouth since 2021.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,100,000
- Address: Paquins Lane
- Market: Portsmouth, RI
- Asset Type: Land
- Acres: 24
Bridgette Soby and Holly Prentice of Mott & Chace Sotheby’s International Realty were the brokers responsible for overseeing this notable transaction.
Players
Portsmouth Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93