facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

11 Cummings Way

Edgartown Multifamily Property Sold For $6.67M With Broker Wendy Harman Of Compass
SOLDMultiFamily

Edgartown Multifamily Property Sold For $6.67M With Broker Wendy Harman Of Compass

11 Cummings Way

$6,665,000

$1,443/SF

Building Size

4,617 SF

Asset Type

MultiFamily

Closing

Sep 16, 2024

AI

A multifamily property was sold for $6,665,000 located at 11 Cummings Way, Edgartown, MA. The asset encompasses 4,617 square feet and includes 6 bedrooms and 7 baths, offering views of Edgartown Harbor and Lighthouse. The architectural design was executed by Patrick Ahearn, and notable features include elegant interiors, multiple decks, a detached Carriage House, along with a restored Land Rover Defender valued at $150,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,665,000
  • Address: 11 Cummings Way
  • Market: Edgartown, MA
  • Square Footage: 4,617
  • Price per Square Foot: $1,444
  • Broker: Wendy Harman - Compass

The deal was facilitated by Wendy Harman, representing the transaction through Compass, bringing expertise in real estate to ensure a smooth closing of this property sale.

Players

Wendy Harman

Compass

Broker

$42.2M

vol

10 deals

Broker

Edgartown MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.38%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93