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Murry Bowden Of Hanover Company Acquires MultiFamily Community In Hyannis For $129.5M
SOLD
$129,500,000
Massachusetts
See Similar DealsMultiFamily
Sold 09/24/2025
SOLD
Murry Bowden Of Hanover Company Acquires MultiFamily Community In Hyannis For $129.5M
99 Wilkens Lane
See Similar DealsMultiFamily
Sold 09/24/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
The transaction involves the sale of a multi-family asset located at 99 Wilkens Lane in Hyannis, MA. The property consists of 272 units, with a sale price of $129,500,000 and a price per unit of $476,103.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $129,500,000
- Units: 272
- Price per Unit: $476,103
- Buyer: Murry Bowden
- Seller: Hanover Company
Hanover Company sold Hanover Hyannis to pro-btn, featuring high-end amenities such as a pool, fitness center, and clubhouse. Murry Bowden represents the Hanover Company in this transaction.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$460,086.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$613,896.07
Annual Debt Service$7,366,752.81
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