Bonnie Pierce Of Wallace & Co. Sotheby's Realty Acquires 1.9 Acre Multifamily Property In Edgartown, MA For $2.7M
8 Trapps Pond Road, Edgartown, MA 02539
$2,700,000
$2,743/SF
Building Size
984 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
AI
Located in Edgartown, MA, the multifamily property at 8 Trapps Pond Rd has recently been sold in a closed transaction. The property spans across 1.9 acres, offering a spacious and desirable environment for its residents. The sale took place on November 22, 2021, with a sale price of $2,700,000. The property comprises a total of 984 square feet, leading to a price per square foot of $2,744.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Address: 8 Trapps Pond Rd
- Market: Edgartown, MA
- Acres: 1.9
The buyer in this transaction was represented by Bonnie Pierce from Wallace & Co. Sotheby's International Realty. On the other hand, Trish Lyman from Point B Realty served as the seller's representative. Their expertise and negotiation skills facilitated a successful deal between the parties involved.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93