Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,950,000
$464/SF
MultiFamily
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Players
Rockport 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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93