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Stephanie Burke Secures $2.4M Sale Of Multifamily Property In Edgartown, MA

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Stephanie Burke

$2,400,000

SOLD
$2,400,000

Massachusetts

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MultiFamily2,907 SF
Sold 03/23/2021
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Stephanie Burke

$2,400,000

SOLD

Stephanie Burke Secures $2.4M Sale Of Multifamily Property In Edgartown, MA

35 Watcha Path, Edgartown, MA 02539, USA

See Similar Deals
MultiFamily2,907 SF
Sold 03/23/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$825
Total Square Footage:2,907 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 35 Watcha Path in Edgartown, MA. The sale was conducted for a transaction amount of $2,400,000, encompassing a total area of 2,907 square feet on a 5.5-acre lot, achieving a price per square foot of $826 and a price per acre of $436,363.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,400,000
  • Square Footage: 2,907 SF
  • Acres: 5.5
  • Price Per Square Foot: $826
  • Price Per Acre: $436,363
  • Broker: Stephanie Burke - Martha's Vineyard Seacoast Properties
  • Date of Sale: 03/23/2021

Stephanie Burke from Martha's Vineyard Seacoast Properties represented the broker in this transaction, overseeing the deal and ensuring the process aligned with the client's needs and objectives throughout the sale.

Players

1 deal$2.4M volume
BROKER

Details

SOLD
IMAGE: Stephanie Burke DATE: 03/23/2021 ADDRESS: 35 Watcha Path MARKET: Edgartown, MA ASSET TYPE: Multifamily BROKER: Stephanie Burke - Martha's Vineyard Seacoast Properties SALE PRICE: $2,400,000 SF: 2,907 ~ PPSF: $826 ACRES: 5.5 ~ PPA: $436,363

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

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69