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

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SOLD
$2,456,000

Massachusetts

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Land
Sold 09/18/2023
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Property Image
SOLD

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

11 Old Farms Trail

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Land
Sold 09/18/2023
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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

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 (Tom) Wallace
3 deals$28.6M volume(508) 627-3777
BROKER

Stacy Ickes
Donnelly Co.
1 deal$2.5M volume(508) 367-4886
BROKER

Details

SOLD
IMAGE: Stacy A Ickes & Thomas C. Wallace DATE: 09/18/2023 ADDRESS: 11 Old Farms Trail MARKET: Edgartown, MA ASSET TYPE: Land ~ ACRES: 3.21 BUYER'S REP: Stacy A Ickes (@StacyIckesMarthasVineyard) - Donnelly Co. (@DonnellyandCo) SELLER'S REP: Thomas C. Wallace - Wallace & Co. Sotheby's International Realty (@WallacecoSIR) SALE PRICE: $2,456,000 NOTE: A 3.21-acre land parcel located at 11 Old Farms Trail in Edgartown, Massachusetts, was sold for $2,456,000. The transaction was facilitated by buyer's representative Stacy A. Ickes of Donnelly Co. and seller's representative Thomas C. Wallace of Sotheby's International Realty.

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Deal Type
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