Compass Brokers Sell 1.5 Acre Land On Ocean View Ave, Edgartown, MA For $2.5M
SOLD
$2,495,000
Massachusetts
See Similar DealsSold 10/25/2022
SOLD
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
See Similar DealsSold 10/25/2022
Summary
MASSACHUSETTS
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,864.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,827.57
Annual Debt Service$141,930.87
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