Updated Sep 9, 2024
Multifamily Property In Provincetown, MA Sold For $2.8M With Kinlin Grover Compass Brokers
61 Commercial St, Provincetown, MA 02657, USA
$2,785,000
$1,508/SF
Building Size
1,846 SF
Asset Type
MultiFamily
Closing
Jun 1, 2023
About this deal
AI
A multifamily property located at 61 Commercial Street in Provincetown, MA was sold for $2,785,000. The property spans 1,846 square feet and was sold at a price per square foot of $1,509.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,785,000
- Address: 61 Commercial Street, Provincetown, MA
- Market: Provincetown, MA
The sale was facilitated by Brett Holmes and Don Hatfield of Kinlin Grover Compass.
The multifamily sale at 61 Commercial St, Provincetown, MA 02657, USA in Boston, Massachusetts sold for $2.8M in 2023. The building is 1,846 square feet, implying about 1.5K per square foot on the published price. Brett Holmes, Don Hatfield, Compass appear on the sale alongside Compass. This page is the Boston, Massachusetts file for the 61 Commercial St, Provincetown, MA 02657, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Boston sit in the Market section below. Filter that Boston multifamily set by closing date to see what else sold near 61 Commercial St, Provincetown, MA 02657, USA around 2023. Published consideration for 61 Commercial St, Provincetown, MA 02657, USA is $2.8M, dated 2023. Cite this Multifamily Property In Provincetown, MA Sold For $2.8M With Kinlin Grover Compass Brokers sale when underwriting similar multifamily product around Boston, Massachusetts.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.70%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93