Compass Brokers Wendy R. Harman & Joseph Barkett Sell Land For $2.9M In Edgartown, MA
Herring Creek Road, Edgartown, Massachusetts 02539, United States
$2,900,000
Building Size
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Asset Type
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Closing
Sep 20, 2022
AI
A 1.3-acre land located on Herring Creek Rd in Edgartown, MA has been sold for a total price of $2,900,000. The transaction took place on September 21, 2022. The property, consisting of land only, was sold by an undisclosed seller.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,900,000
- Market: Edgartown, MA
The sale was facilitated by Wendy R. Harman and Joseph Barkett from Compass. They acted as the brokers for the 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93