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Diane Sawyer sells Vineyar...

Diane Sawyer Sells Martha's Vineyard Compound To David Malm For $23.9M
SOLDMultiFamily

Diane Sawyer Sells Martha's Vineyard Compound To David Malm For $23.9M

$23,900,000

$2,933/SF

Building Size

8,147 SF

Asset Type

MultiFamily

Closing

Nov 8, 2023

AI

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

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.

Players

Thomas Wallace

Sotheby's International Realty

Broker

$28.6M

vol

3 deals

Broker

Market 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

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93