Emma M Kennedy Acquires 1.76 Acre Land In Edgartown, MA For $1.55M
SOLD
$1,550,000
Massachusetts
See Similar DealsSold 04/20/2022
SOLD
Emma M Kennedy Acquires 1.76 Acre Land In Edgartown, MA For $1.55M
67 Division Rd, Edgartown, MA 02539
See Similar DealsSold 04/20/2022
Summary
MASSACHUSETTS
Transaction Type:Sale
Located in the market of Edgartown, MA, this property is a 1.76 acres piece of land situated at 67 Division Rd Lot 2. The sale took place on April 20, 2022, and the transaction amount was $1,550,000. The buyer's representative in this deal was Emma M Kennedy from Sandpiper Realty Inc, while the seller's representative was Gerret C Conover from LandVest MV.
Summary of transation details
- Property Type: Land
- Transaction Amount: $1,550,000
- Address: 67 Division Rd Lot 2
- Market: Edgartown, MA
- Asset Type: Land
- Acres: 1.76
This transaction showcases the involvement of key individuals and companies. Emma M Kennedy, representing Sandpiper Realty Inc, served as the buyer's representative. On the other side, Gerret C Conover acted as the seller's representative representing LandVest MV. Both parties played an integral role in the successful closing of this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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