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11 Old Farms Trail

Donnelly Co. Acquires 3.21-Acre Land Parcel In Edgartown, MA For $2.5M
SOLDLand

Donnelly Co. Acquires 3.21-Acre Land Parcel In Edgartown, MA For $2.5M

11 Old Farms Trail

$2,456,000

Building Size

Asset Type

Land

Closing

Sep 18, 2023

AI

A 3.21-acre land parcel located at 11 Old Farms Trail in Edgartown, Massachusetts, was sold for $2,456,000. The transaction took place on September 18, 2023. The property is a land asset and is situated in the market of Edgartown, MA.

Summary of transaction details

The buyer's representative in this transaction was Stacy A. Ickes from Donnelly Co., and the seller's representative was Thomas C. Wallace from Wallace & Co. Sotheby's International Realty.

Players

Thomas Wallace

Sotheby's International Realty

Broker

$28.6M

vol

3 deals

Broker

Edgartown Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.46%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93