Updated Dec 4, 2024
Stone House Properties LLC Sells 12-Acre Land Parcel In Lenox, MA For $1.875M
79 Reservoir Road
$1,875,000
Building Size
—
Asset Type
Land
Closing
Sep 25, 2023
About this deal
AI
A 12-acre parcel of land located at 79 Reservoir Road in Lenox, MA, has been sold for a total of $1,875,000. The transaction was facilitated by brokers Elisha Poirier and Nikki Carchedi of Stone House Properties LLC.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,875,000
- Address: 79 Reservoir Road, Lenox, MA
- Market: Lenox, MA
- Asset Type: Land
- ACRES: 12
Elisha Poirier and Nikki Carchedi of Stone House Properties LLC acted as the brokers in this transaction. They played a crucial role in facilitating the sale of the 12-acre parcel of land located at 79 Reservoir Road in Lenox, MA.
Players
Lenox Land Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.46%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93