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
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