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Land Parcel In Lanesborough, MA Sold For $2M With Seller's Rep Mariano Saal - TIR Prime Properties Corp
SOLD
$2,000,000
Massachusetts
See Similar DealsLand
Sold 01/24/2024
SOLD
Land Parcel In Lanesborough, MA Sold For $2M With Seller's Rep Mariano Saal - TIR Prime Properties Corp
Brodie Mountain Road
See Similar DealsLand
Sold 01/24/2024
Summary
MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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