SOLDLand
Land Parcel In Lanesborough, MA Sold For $2M With Seller's Rep Mariano Saal - TIR Prime Properties Corp
Brodie Mountain Road
$2,000,000
Building Size
—
Asset Type
Land
Closing
Jan 24, 2024
AI
In Lanesborough, MA, a land parcel spanning approximately 550 acres on Broadie Mountain Rd was sold for $2,000,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,000,000
- Address: Broadie Mountain Rd
- Market: Lanesborough, MA
- Seller's Representative: Mariano Saal - TIR Prime Properties Corp.
Mariano Saal of TIR Prime Properties Corp. acted as the seller's representative in the transaction.
Lanesboro 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93