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5 Center Street, Provinceto...

Gibson Sotheby's International Realty Brokers $2.8M Multifamily Sale In Provincetown, MA
SOLDMultiFamily

Gibson Sotheby's International Realty Brokers $2.8M Multifamily Sale In Provincetown, MA

5 Center Street, Provincetown, Massachusetts 02657, United States

$2,849,000

$799/SF

Building Size

3,562 SF

Asset Type

MultiFamily

Closing

Sep 21, 2022

AI

An exquisite multifamily property located at 5 Center St in Provincetown, MA, was recently sold for a remarkable price of $2,849,000. This stunning property spans across 3,562 square feet and offers a beautiful living space. The property was listed by Emily Flax from Gibson Sotheby's International Realty, who facilitated the successful transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,849,000
  • Address: 5 Center St, Provincetown, MA
  • Market: Provincetown, MA
  • Broker: Emily Flax - Gibson Sotheby's International Realty
  • Square Footage: 3,562
  • Price per Square Foot: $800

This transaction showcases the expertise of Emily Flax from Gibson Sotheby's International Realty, who successfully negotiated the sale of this extraordinary multifamily property. With their extensive knowledge of the Provincetown real estate market, Emily Flax ensured a smooth and favorable outcome for all parties involved in the deal.

Players

Emily Flax

Sotheby's International Realty

Broker

$8.5M

vol

4 deals

Broker

Provincetown 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

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93