SeasCape Realty, Inc. Acquires Provincetown Multifamily For $2.1M
Historic District, 5 Kiley Court, Provincetown, Massachusetts, USA
$2,100,000
$581/SF
Building Size
3,611 SF
Asset Type
MultiFamily
Closing
May 13, 2021
AI
The multifamily property located at 5 Kiley Ct in Provincetown, MA has been sold for a price of $2,100,000. The property spans across 3,611 square feet, resulting in a price per square foot of $582.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 5 Kiley Ct, Provincetown, MA
- Market: Provincetown, MA
The seller's representative in this transaction was John Ciluzzi of Premier Commercial, while the buyer was represented by Timothy Brown of SeasCape Realty, Inc.
Players
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93