Updated Dec 21, 2023
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
—
Asset Type
—
Closing
Sep 20, 2022
About this deal
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.
The commercial sale at Herring Creek Road, Edgartown, Massachusetts 02539, United States in Edgartown, Massachusetts sold for $2.9M in 2022. Joseph Barkett, Wendy Harman, Point B Realty, Compass appear on the sale alongside Point B Realty, Compass. This page is the Edgartown, Massachusetts file for the Herring Creek Road, Edgartown, Massachusetts 02539, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Edgartown sit in the Market section below. Filter that Edgartown commercial set by closing date to see what else sold near Herring Creek Road, Edgartown, Massachusetts 02539, United States around 2022. Published consideration for Herring Creek Road, Edgartown, Massachusetts 02539, United States is $2.9M, dated 2022. Cite this Compass Brokers Wendy R. Harman & Joseph Barkett Sell Land For $2.9M In Edgartown, MA sale when underwriting similar commercial product around Edgartown, Massachusetts.
On the Map
$2,900,000
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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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93