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16 Bayside North, Edgartown...

LandVest MV Represents $14M Sale Of 6.56 Acres In Edgartown, MA
SOLD

LandVest MV Represents $14M Sale Of 6.56 Acres In Edgartown, MA

16 Bayside North, Edgartown, Massachusetts 02539, United States

$14,000,000

Building Size

Asset Type

Closing

Dec 8, 2021

AI

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.

Players

Gerret Conover

Broker

$66.1M

vol

4 deals

Broker

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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93