facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

All

/

Sale

/

9 Ocean View Avenue, Edgart...

Compass Brokers Sell 1.5 Acre Land On Ocean View Ave, Edgartown, MA For $2.5M
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

$2,495,000

Building Size

Asset Type

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

Jennifer DaSilva

Compass

Broker

$10.8M

vol

4 deals

Broker
Point B Realty
Point B RealtyBrokerage

Edgartown CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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