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172 Vineyard Road

Stephanie Smith & Robert Kinlin Close $3.2M Land Sale In Cotuit, MA
SOLDLand

Stephanie Smith & Robert Kinlin Close $3.2M Land Sale In Cotuit, MA

172 Vineyard Road

$3,200,000

Building Size

Asset Type

Land

Closing

Apr 22, 2024

AI

A waterfront estate building parcel spanning 5.1 acres in Cotuit, MA, sold for $3.2 million, offering over 200 feet of water frontage along the pristine shoreline of Popponesset Bay.

Summary of transaction details:

Stephanie Smith from Kinlin Grover Compass represented the buyer, while Robert Kinlin from Berkshire Hathaway HomeServices represented the seller in this transaction.

Players

Robert Kinlin

Berkshire Hathaway HomeServices

Broker

$69.5M

vol

15 deals

Broker

Cotuit 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93