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1 Main St, Rockport, Massac...

Kimberly Lorden Acquires Multifamily Property In Rockport, MA For $1.95M
SOLDMultiFamily

Kimberly Lorden Acquires Multifamily Property In Rockport, MA For $1.95M

1 Main St, Rockport, Massachusetts, USA

$1,950,000

$464/SF

Building Size

4,195 SF

Asset Type

MultiFamily

Closing

Sep 15, 2021

AI

The multifamily property located at 1 Main St in Rockport, MA was recently sold for $1,950,000. The property spans 4,195 square feet, resulting in a price per square foot of $465. The transaction took place on September 15, 2021.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,950,000
  • Square Footage: 4,195 sqft
  • Price per Square Foot: $465
  • Address: 1 Main St, Rockport, MA
  • Market: Rockport, MA
  • Seller's Representative: John Farrell - Coldwell Banker Realty - Beverly
  • Buyer's Representative: Kimberly Lorden - Churchill Properties

The seller's representative in this transaction was John Farrell from Coldwell Banker Realty - Beverly. On the other hand, Kimberly Lorden from Churchill Properties represented the buyer. Both these professionals played crucial roles in facilitating the successful sale of the property.

Players

John Farrell

Coldwell Banker

Broker

$5.8M

vol

3 deals

Broker

Rockport MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93