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36 Gorham Street, Cambridge...

Senné Represents Buyer In $1.68M Cambridge Condo Sale
SOLD

Senné Represents Buyer In $1.68M Cambridge Condo Sale

36 Gorham Street, Cambridge, Massachusetts 02138, United States

$1,680,000

$935/SF

Building Size

1,796 SF

Asset Type

Closing

Mar 24, 2022

AI

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.

Players

Jeff Valcourt

Compass

Broker

$13.9M

vol

6 deals

Broker

Cambridge CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.44%

Cash-on-Cash

-2.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93