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Diane Sawyer Sells Martha's Vineyard Compound To David Malm For $23.9M
SOLD
$23,900,000
Massachusetts
See Similar DealsMultiFamily8,147 SF
Sold 11/08/2023
SOLD
Diane Sawyer Sells Martha's Vineyard Compound To David Malm For $23.9M
MultiFamily8,147 SF
Sold 11/08/2023
Summary
Asset Type:MultiFamily
Price Per Square Foot:$2,933
Total Square Footage:8,147 SF
Transaction Type:Sale
Diane Sawyer has sold her Martha's Vineyard compound, known as "Chip Chop," for $23.9 million, nearly reaching the $24 million asking price. The single-family property is located in Vineyard Haven, MA and spans 8,147 square feet. The sale price equates to a price per square foot of $2,934.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $23,900,000
- Market: Vineyard Haven, MA
- Buyer: David Malm
- Seller: Diane Sawyer
- Brokers: Mark D. Jenkins & Thomas Wallace - Wallace & Co. Sotheby's International Realty
The buyer of "Chip Chop" is David Malm, while Diane Sawyer served as the seller. The transaction was facilitated by brokers Mark D. Jenkins and Thomas Wallace from Wallace & Co. Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,274,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$84,911.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,298.19
Annual Debt Service$1,359,578.32
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