Updated May 12, 2025
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
Edgartown MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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