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Historic District, 97 Comme...

Emily Flax Of Gibson Sotheby's International Realty Brokers $2.1M Sale Of Provincetown Multifamily Property
SOLDMultiFamily

Emily Flax Of Gibson Sotheby's International Realty Brokers $2.1M Sale Of Provincetown Multifamily Property

Historic District, 97 Commercial St, Provincetown, MA, USA

$2,100,000

$1,173/SF

Building Size

1,789 SF

Asset Type

MultiFamily

Closing

Oct 5, 2021

AI

The multifamily property located at 97 Commercial St, Provincetown, MA has been sold as part of a recent transaction. The sale was facilitated by broker Emily Flax from Gibson Sotheby's International Realty. The property spans across 1,789 square feet and was sold for a price of $2,100,000, resulting in a price per square foot of $1,174.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Address: 97 Commercial St, Provincetown, MA
  • Market: Provincetown, MA
  • Broker: Emily Flax - Gibson Sotheby's International Realty
  • Square Footage: 1,789
  • Price per Square Foot: $1,174

This transaction showcases the successful collaboration between broker Emily Flax and the buyer/seller of the property. It represents a significant investment opportunity in the multifamily market in Provincetown, MA.

Players

Emily Flax

Sotheby's International Realty

Broker

$8.5M

vol

4 deals

Broker

Provincetown MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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