Updated Dec 21, 2023
Wendy Harman - Point B Realty Acquires 1.53 Acres Of Land In Edgartown, MA For $2.5M
29 Slough Cove Road, Edgartown, Massachusetts 02539, United States
$2,495,000
$37/SF
Building Size
66,646 SF
Asset Type
—
Closing
Feb 14, 2022
About this deal
AI
The property involved in this closed transaction is a land located at 29 Slough Cove Rd in Edgartown, MA. The land spans approximately 1.53 acres.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,495,000
- Date: 02/15/2022
- Address: 29 Slough Cove Rd, Edgartown, MA
- Market: Edgartown, MA
Wendy Harman from Point B Realty represented the buyer in this transaction, while Alyssa M. Halisky from Wallace & Co. Sotheby's International Realty represented the seller.
The commercial sale at 29 Slough Cove Road, Edgartown, Massachusetts 02539, United States in Edgartown, Massachusetts sold for $2.5M in 2022. The building is 66,646 square feet, implying about 37 per square foot on the published price. Wendy Harman, Alyssa Halisky, Point B Realty, Sotheby's International Realty appear on the sale alongside Point B Realty, Sotheby's International Realty. This page is the Edgartown, Massachusetts file for the 29 Slough Cove Road, Edgartown, Massachusetts 02539, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Edgartown sit in the Market section below. Filter that Edgartown commercial set by closing date to see what else sold near 29 Slough Cove Road, Edgartown, Massachusetts 02539, United States around 2022. Published consideration for 29 Slough Cove Road, Edgartown, Massachusetts 02539, United States is $2.5M, dated 2022. Cite this Wendy Harman - Point B Realty Acquires 1.53 Acres Of Land In Edgartown, MA For $2.5M sale when underwriting similar commercial product around Edgartown, Massachusetts.
Players
Edgartown CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.36%
Cash-on-Cash
-1.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93