LandVest MV Represents $14M Sale Of 6.56 Acres In Edgartown, MA
SOLD
$14,000,000
Massachusetts
See Similar DealsSold 12/09/2021
SOLD
LandVest MV Represents $14M Sale Of 6.56 Acres In Edgartown, MA
16 Bayside North, Edgartown, Massachusetts 02539, United States
See Similar DealsSold 12/09/2021
Summary
MASSACHUSETTS
Transaction Type:Sale
A 6.56-acre land located at 16 Bayside N Lot 1 in Edgartown, MA has been sold for $14,000,000. The sale took place on December 9, 2021. The property is a valuable asset in the market, offering significant potential for development.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $14,000,000
- Address: 16 Bayside N Lot 1, Edgartown, MA
- Market: Edgartown, MA
- Asset Type: Land
- Acres: 6.56
The sale was facilitated by Gerret C Conover, representing LandVest MV. Gerret C Conover is a reliable broker who played a pivotal role in ensuring the successful completion of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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