Feiner Real Estate Inc Acquires Land In Edgartown, MA For $2M
SOLD
$2,000,000
Massachusetts
See Similar DealsSold 10/19/2022
SOLD
Feiner Real Estate Inc Acquires Land In Edgartown, MA For $2M
0 Clevelandtown Road, Edgartown, Massachusetts 02539, United States
See Similar DealsSold 10/19/2022
Summary
MASSACHUSETTS
Transaction Type:Sale
A land property located at 0 Clevelandtown Rd in Edgartown, MA was recently sold for a transaction amount of $2,000,000. The sale took place on October 19, 2022. The property, represented by James Feiner of Feiner Real Estate Inc as the buyer's representative and Bonnie Pierce of Wallace & Co. Sotheby's International Realty as the seller's representative, attracted attention in the market.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,000,000
- Location: 0 Clevelandtown Rd, Edgartown, MA
- Date: October 19, 2022
- Market: Edgartown, MA
The buyer's representative in this transaction was James Feiner from Feiner Real Estate Inc, while the seller's representative was Bonnie Pierce from Wallace & Co. Sotheby's International Realty. Both parties played essential roles in facilitating the successful sale of this property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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