Updated Jan 21, 2025
0.53 Acre Developable Lot Sold In Provincetown MA For $4 Million By Gregory Baldwin
44 Captain Bertie's Way
$4,000,000
Building Size
—
Asset Type
Land
Closing
Jan 10, 2025
About this deal
AI
A 0.53-acre developable lot located at 44 Captain Bertie's Way in Provincetown, MA, was sold for $4,000,000. The property is zoned General Commercial, allowing for various development opportunities, including multi-family, mixed-use, or hotel projects. Its prime location offers convenient access to shopping, restaurants, and downtown attractions.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $4,000,000
- Address: 44 Captain Bertie's Way
- Market: Provincetown, MA
- Acreage: 0.53
- Broker: Gregory Baldwin - Christie's International Real Estate
Gregory Baldwin represented the seller in this transaction, facilitating the sale of the property amid a competitive real estate market. The deal underscores the interest in Provincetown's development potential and the opportunities available for commercial ventures in the area.
Provincetown Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93