SOLDMultiFamily
Multifamily Property In Rockport, MA Sells For $1.75M With Buyer's Rep Kimberly Lorden & Seller's Rep Amanda Armstrong
69r Main Street
$1,750,000
$857/SF
Building Size
2,040 SF
Asset Type
MultiFamily
Closing
Jan 18, 2024
AI
A multifamily property located at 69r Main Street in Rockport, MA, was sold for $1,750,000. The property, spanning 2,040 square feet, was purchased at a price per square foot of $858.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Address: 69r Main Street, Rockport, MA
- Market: Rockport, MA
- Buyer's Representative: Kimberly Lorden - Advisors Living
- Seller's Representative: Amanda Armstrong - Compass
The transaction was facilitated by Kimberly Lorden of Advisors Living, who represented the buyer, and Amanda Armstrong of Compass, who represented the seller.
Players
Rockport 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93