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Land In Katama, MA Sold For $3.15M With Wendy R. Harman - Compass As The Broker

Property Image
SOLD
$3,150,000

Massachusetts

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MultiFamily
Sold 05/19/2023
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Property Image
SOLD

Land In Katama, MA Sold For $3.15M With Wendy R. Harman - Compass As The Broker

3 Turkeyland Cove Road, Edgartown, MA 02539

See Similar Deals
MultiFamily
Sold 05/19/2023
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

A land property located at 3 Turkeyland Cove Road in Katama, MA, was sold for $3,150,000. The property encompasses 3.03 acres.

Summary of transation details

  • Property Type: Land
  • Transaction Amount: $3,150,000
  • Market: Katama, MA
  • Acres: 3.03

Wendy R. Harman from Compass represented the seller in this transaction.

Players

Wendy Harman
Compass
Wendy Harman
10 deals$42.2M volume(508) 274-5363
BROKER
Point B Realty
Point B Realty
BROKERAGE

Details

SOLD
IMAGE: Wendy R. Harman DATE: 05/19/2023 ADDRESS: 3 Turkeyland Cove Road MARKET: Katama, MA ASSET TYPE: Land ~ ACRES: 3.03 BROKER: Wendy R. Harman (@PointBRealty) - Compass (@Compass) (@CompassNewEngland) SALE PRICE: $3,150,000 NOTE: A land property located at 3 Turkeyland Cove Road in Katama, MA, was sold for $3,150,000. The property encompasses 3.03 acres.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$168,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28