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69r Main Street

Multifamily Property In Rockport, MA Sells For $1.75M With Buyer's Rep Kimberly Lorden & Seller's Rep Amanda Armstrong
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

The transaction was facilitated by Kimberly Lorden of Advisors Living, who represented the buyer, and Amanda Armstrong of Compass, who represented the seller.

Players

Kimberly Lorden

Advisors Living

Broker

$3.7M

vol

2 deals

Broker

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