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
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