Updated Dec 20, 2023
Alisan Lohan-Conway Properties Acquires 9.2 Acres Of Land In Edgartown, MA For $2.4M
5 Briggs Rd, Edgartown, Massachusetts, USA
$2,400,000
$6/SF
Building Size
400,752 SF
Asset Type
Development Site
Closing
Apr 12, 2021
About this deal
AI
Located in Edgartown, MA, a piece of land situated at 5 Briggs Rd recently changed hands in a sale transaction. The property, spanning 9.2 acres, was sold for a total price of $2,400,000. With a price per acre (PPA) of $260,869, this land transaction presents a significant investment opportunity in the market.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,400,000
The seller's representative in this deal was Brenda Galligan, who represented Karen M. Overtoom R.E. On the other side, Alisan Lohan-Conway of Alisan Lohan-Conway Properties acted as the buyer's representative. These skilled professionals played a vital role in facilitating the successful sale of the property at 5 Briggs Rd in Edgartown, MA.
Players
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93