Updated Nov 17, 2023
Monahan Barker Team Acquires 16.9-Acre Farm In Essex, MA For $2.28M
9 Milk St Essex, MA 01929, USA
$2,280,000
$838/SF
Building Size
2,719 SF
Asset Type
Other
Closing
Jun 7, 2023
About this deal
AI
A 16.9-acre farm located at 9 Milk Street in Essex, Massachusetts, was sold for $2.28 million. The transaction was handled by the Monahan Barker Team of Landvest, Inc., Ipswich. The property has a total square footage of 2,719 and a price per square foot of $839.
Summary of transaction details
- Property Type: Farm
- Transaction Amount: $2,280,000
- Address: 9 Milk Street, Essex, MA
- Market: Essex, MA
- ACRES: 16.9
Hannah Barker and Nicole Monahan, representing the Monahan Barker Team of Landvest, Inc., Ipswich, were the brokers involved in this sale.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.96%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93