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6 Center Street, Provinceto...

Sotheby's International Realty Sells Multifamily Property In Provincetown, MA For $2.4M
SOLDMultiFamily

Sotheby's International Realty Sells Multifamily Property In Provincetown, MA For $2.4M

6 Center Street, Provincetown, MA 02657

$2,400,000

$899/SF

Building Size

2,667 SF

Asset Type

MultiFamily

Closing

Jul 14, 2023

AI

A multifamily property located at 6 Center St in Provincetown, MA, was recently sold for a total of $2.4 million. The property boasts a spacious 2,667 square feet of living space, making it an ideal investment opportunity. With a price per square foot of $900, this property offers both size and value for potential buyers.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,400,000
  • Address: 6 Center St, Provincetown, MA
  • Market: Provincetown, MA
  • Broker: Emily Flax - Sotheby's International Realty
  • Square Footage: 2,667
  • Price Per Square Foot: $900

Emily Flax, a representative from Sotheby's International Realty, facilitated the transaction of this multifamily property. With their expertise and guidance, the property was successfully sold at a desirable price. Emily Flax's dedication to delivering exceptional real estate services ensured a smooth and efficient transaction process for all parties involved.

Players

Emily Flax

Sotheby's International Realty

Broker

$8.5M

vol

4 deals

Broker

Center 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

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93