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Donnelly Co. Acquires 3.21-Acre Land Parcel In Edgartown, MA For $2.5M
SOLD
Massachusetts
See Similar DealsLand
Sold 09/18/2023
SOLD
Donnelly Co. Acquires 3.21-Acre Land Parcel In Edgartown, MA For $2.5M
11 Old Farms Trail
See Similar DealsLand
Sold 09/18/2023
Summary
MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale
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
- Property Type: Land
- Transaction Amount: $2,456,000
- Acres: 3.21
- Address: 11 Old Farms Trail, Edgartown, MA
- Buyer's Representative: Stacy A Ickes - Donnelly Co.
- Seller's Representative: Thomas C. Wallace - Wallace & Co. Sotheby's International Realty
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$130,986.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,725.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,642.69
Annual Debt Service$139,712.32
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