Compass Brokers Wendy R. Harman & Joseph Barkett Sell Land For $2.9M In Edgartown, MA
SOLD
Massachusetts
See Similar DealsSold 09/21/2022
SOLD
Compass Brokers Wendy R. Harman & Joseph Barkett Sell Land For $2.9M In Edgartown, MA
Herring Creek Road, Edgartown, Massachusetts 02539, United States
See Similar DealsSold 09/21/2022
Summary
MASSACHUSETTS
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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