Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Land
- Transaction Amount: $3,200,000
- Address: 172 Vineyard Rd
- Market: Cotuit, MA
- Asset Type: Land
- Acres: 5.1
- Buyer's Rep: Stephanie Smith - Kinlin Grover Compass
- Seller's Rep: Robert Kinlin - Berkshire Hathaway HomeServices
Stephanie Smith from Kinlin Grover Compass represented the buyer, while Robert Kinlin from Berkshire Hathaway HomeServices represented the seller in this transaction.
On the Map
$3,200,000
Land
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Players
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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