Compass Brokers Sell 1.5 Acre Land On Ocean View Ave, Edgartown, MA For $2.5M
9 Ocean View Avenue, Edgartown, Massachusetts 02539, United States
$2,495,000
Building Size
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Asset Type
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Closing
Oct 24, 2022
AI
Located in Edgartown, MA, a 1.5-acre land at 9 Ocean View Ave has recently been sold for $2,495,000. The transaction took place on October 25, 2022. The property, represented by Jennifer Dasilva and Wendy R. Harman from Compass, offers a great opportunity for development or investment.
Summary of transation details
- Property Type: Land
- Transaction Amount: $2,495,000
- Market: Edgartown, MA
- Address: 9 Ocean View Ave
Jennifer Dasilva and Wendy R. Harman from Compass brokered the deal, effectively representing the buyer and seller in the transaction. Their expertise and negotiation skills played a vital role in finalizing the sale. The large size of the land creates possibilities for various development projects or potential diversification of investment portfolios.
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
6.36%
Cash-on-Cash
-1.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93