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91 Western Avenue

Michael Tinsley Of Longwood Residential Represents Buyer In $1.6M Sherborn Farm Sale
SOLDFarm

Michael Tinsley Of Longwood Residential Represents Buyer In $1.6M Sherborn Farm Sale

91 Western Avenue

$1,600,000

$403/SF

Building Size

3,969 SF

Asset Type

Farm

Closing

Jul 11, 2024

AI

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.

Players

Laura Mastrobuono

Compass

Broker

$9.4M

vol

5 deals

Broker

Sherborn Farm Market Snapshot

Boundary boundary · Farm · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93