Kathy Pappas & Karen Neilsen Facilitate $1.45M Land Sale In Berlin, MA
180 River Road West
$1,450,000
Building Size
—
Asset Type
Land
Closing
Apr 8, 2024
AI
A 29-acre vacant land parcel in Berlin, MA, with 1011 feet of frontage, was sold for $1,450,000. The property offers various potential uses, including for a riding stable, church, or agricultural purposes, subject to site plan review or special permits, and benefits from being located in a right-to-farm community.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,450,000
- Address: 180 River Road West
- Market: Berlin, MA
- Asset Type: Land
- Acres: 29.17
- Buyer's Rep: Kathy Pappas - Re/Max
- Seller's Rep: Karen Neilsen - LAER Realty Partners
Kathy Pappas from Re/Max represented the buyer in this transaction, while Karen Neilsen from LAER Realty Partners represented the seller.
Players
Berlin 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93