Emma M Kennedy Acquires 1.76 Acre Land In Edgartown, MA For $1.55M
67 Division Rd, Edgartown, MA 02539
$1,550,000
Building Size
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Asset Type
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Closing
Apr 19, 2022
AI
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.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93