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8 Trapps Pond Road, Edgarto...

Bonnie Pierce Of Wallace & Co. Sotheby's Realty Acquires 1.9 Acre Multifamily Property In Edgartown, MA For $2.7M
SOLDMultiFamily

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

Bonnie Pierce

Sotheby's International Realty

Broker

$9M

vol

4 deals

Broker

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