Douglas Keach Purchases Development Site At 202 Garden Street Cambridge From Fraser Allan For $1.825M
SOLD
$1,825,000
Massachusetts
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Sold
SOLD
Douglas Keach Purchases Development Site At 202 Garden Street Cambridge From Fraser Allan For $1.825M
202 Garden Street
See Similar DealsDevelopment Site
Sold
Summary
MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Sale
202 Garden Street is a development site located in Cambridge, MA, which was sold for $1,825,000. This property presents a by-right development opportunity in the Neighborhood 9 area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,825,000
- Buyer: Douglas Keach
- Seller: Fraser Allan
- Broker Representatives: Ryan Taylor, Brayden Haney & Justin Pepple - Fortune Realty
The transaction involved multiple key individuals from Fortune Realty, specifically the brokers Ryan Taylor, Brayden Haney, and Justin Pepple, who represented the buyer and seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$97,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,483.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,651.43
Annual Debt Service$103,817.17
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