Updated Dec 4, 2024
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
About this deal
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
- 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.
On the Map
$2,456,000
Land
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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