Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,750,000
$857/SF
MultiFamily
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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