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Farm Property In Sherborn, MA Sells For $2M With Buyer's Rep Martha Schleck And Seller's Rep Laura Mastrobuono
SOLD
$2,000,000
Massachusetts
See Similar DealsFarm4,047 SF
Sold 10/24/2023
SOLD
Farm Property In Sherborn, MA Sells For $2M With Buyer's Rep Martha Schleck And Seller's Rep Laura Mastrobuono
37 Nason Hill Road
See Similar DealsFarm4,047 SF
Sold 10/24/2023
Summary
MASSACHUSETTS
Asset Type:Farm
Price Per Square Foot:$494
Total Square Footage:4,047 SF
Transaction Type:Sale
A farm property spanning 4.58 acres at 37 Nason Hill Road in Sherborn, MA, has been sold for $2,000,000. The property features a total of 4,047 square feet, with a price per square foot of $494.
Summary of transaction details
- Property Type: Farm
- Transaction Amount: $2,000,000
- Address: 37 Nason Hill Road, Sherborn, MA
- Market: Sherborn, MA
- Square Footage: 4,047
Martha Schleck of William Raveis Real Estate - Needham represented the buyer in this transaction. Laura Mastrobuono from Compass served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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