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35 Watcha Path, Edgartown, ...

Updated May 12, 2025

SOLDMultiFamily

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

35 Watcha Path, Edgartown, MA 02539, USA

$2,400,000

$825/SF

Building Size

2,907 SF

Asset Type

MultiFamily

Closing

Mar 22, 2021

About this deal

AI

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

Stephanie Burke

Broker

$2.4M

vol

1 deal

Broker

Edgartown MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $825 per square foot on a published $2.4M for 2,907 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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