Updated Sep 5, 2024
Keller Williams Acquires Development Site In Edgartown, MA For $2.35M
15 Motick Trail, Edgartown, MA 02539, USA
$2,350,000
Building Size
—
Asset Type
Development Site
Closing
Nov 30, 2021
About this deal
AI
Located in Edgartown, MA, a development site with an area of approximately 1.53 acres has been sold at a price of $2,350,000. The property, situated at 15 Motick Trail, was listed by Jarrett Hurwitz of Keller Williams. The asking price for this development site was $2,495,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,350,000
- Address: 15 Motick Trail, Edgartown, MA
- Market: Edgartown, MA
- Broker: Jarrett Hurwitz - Keller Williams
This successful sale was facilitated by Jarrett Hurwitz, representing Keller Williams. The transaction closed on November 30, 2021, and the sale price achieved was $2,350,000.
Edgartown Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93