Contempo Builders Acquires Development Site On White Street In Cambridge For $1.45M
22 White Street
$1,450,000
$467/SF
Building Size
3,100 SF
Asset Type
Development Site
Closing
Oct 14, 2022
AI
An development site located at 22 White Street in Cambridge, MA has been sold in a recent transaction. The property was purchased by Contempo Builders at a sale price of $1,450,000. The development site has a building square footage of 6,000, resulting in a price per building square footage of $242. The total land square footage is 3,100, with a price per square footage of $468.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,450,000
- Address: 22 White Street, Cambridge, MA
- Market: Cambridge, MA
- Buyer: Contempo Builders
- Seller: Beverly Lee
- Brokers: Ryan Taylor & Anthony Coppola - Coldwell Banker
- Building Square Footage: 6,000
- Price per Building Square Footage: $242
- Land Square Footage: 3,100
- Price per Square Footage: $468
The transaction was facilitated by brokers Ryan Taylor and Anthony Coppola from Coldwell Banker. They represented both the buyer, Contempo Builders, and the seller, Beverly Lee.
Players
Cambridge Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93