Updated Sep 9, 2024
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
—
Asset Type
—
Closing
Oct 24, 2022
About this deal
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.
On the Map
$2,495,000
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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