Feiner Real Estate Inc Acquires Land In Edgartown, MA For $2M
0 Clevelandtown Road, Edgartown, Massachusetts 02539, United States
$2,000,000
Building Size
—
Asset Type
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Closing
Oct 18, 2022
AI
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.
Edgartown CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93