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.
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