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Michael Tinsley Of Longwood Residential Represents Buyer In $1.6M Sherborn Farm Sale
SOLD
$1,600,000
Massachusetts
See Similar DealsFarm3,969 SF
Sold 07/11/2024
SOLD
Michael Tinsley Of Longwood Residential Represents Buyer In $1.6M Sherborn Farm Sale
91 Western Avenue
See Similar DealsFarm3,969 SF
Sold 07/11/2024
Summary
MASSACHUSETTS
Asset Type:Farm
Price Per Square Foot:$403
Total Square Footage:3,969 SF
Transaction Type:Sale
A farm property located at 91 Western Avenue in Sherborn, MA has been sold for $1,600,000, resulting in a price per square foot of $403. The property encompasses 3,969 square feet.
Summary of transaction details:
- Property Type: Farm
- Transaction Amount: $1,600,000
- Square Footage: 3,969
- Price Per Square Foot: $403
- Buyer's Representative: Michael Tinsley - Longwood Residential
- Seller's Representative: Laura Mastrobuono - Compass
Michael Tinsley represented the buyer in this transaction, facilitating the purchase, while Laura Mastrobuono of Compass acted as the seller's representative, overseeing the sale process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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