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.
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