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
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Asset Type
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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
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