Murry Bowden Of Hanover Company Acquires MultiFamily Community In Hyannis For $129.5M
99 Wilkens Lane
$129,500,000
Units
272
Asset Type
MultiFamily
Closing
Sep 24, 2025
AI
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
Hyannis 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
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93