Senné Represents Buyer In $1.68M Cambridge Condo Sale
SOLD
$1,680,000
Massachusetts
See Similar Deals1,796 SF
Sold 03/25/2022
SOLD
Senné Represents Buyer In $1.68M Cambridge Condo Sale
36 Gorham Street, Cambridge, Massachusetts 02138, United States
See Similar Deals1,796 SF
Sold 03/25/2022
Summary
MASSACHUSETTS
Price Per Square Foot:$935
Total Square Footage:1,796 SF
Transaction Type:Sale
Located at 36 Gorham St in Cambridge, MA, this recently sold condo offers a great opportunity for comfortable living. The property, with a total area of 1,796 square feet, was sold for a price of $1,680,000. The sale was facilitated by broker Jeff Valcourt from Senné. The transaction, which took place on March 25, 2022, attracted multiple offers over asking price.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,680,000
- Address: 36 Gorham St, Cambridge, MA
- Square Footage: 1,796
- PPSF: $935
Under the guidance of Jeff Valcourt, professional renovations were carried out on the condo before it was listed for sale. The property went through a swift 30-day closing process, highlighting the efficiency of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,968.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,964.06
Annual Debt Service$95,568.69
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