Noemia Alves Sells Multifamily Property On Cambridge St For $5.9M
SOLD
$5,900,000
Massachusetts
See Similar DealsMultiFamily11,055 SF
Sold 07/13/2021
SOLD
Noemia Alves Sells Multifamily Property On Cambridge St For $5.9M
1052 Cambridge Street, Cambridge, MA, USA
See Similar DealsMultiFamily11,055 SF
Sold 07/13/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$533
Total Square Footage:11,055 SF
Transaction Type:Sale
A multifamily property located at 1052-1060 Cambridge St in Cambridge, MA has been sold for a total of $5,900,000. The property spans 11,055 square feet with a price per square foot of $534. The transaction took place on July 13, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,900,000
- Address: 1052-1060 Cambridge St, Cambridge, MA
- Market: Cambridge, MA
- Seller's Representative: Noemia Alves - RE/MAX Destiny
- Buyer's Representative: Ryan Taylor - Fortune RE
- Square Footage: 11,055
- Price per Square Foot: $534
The seller was represented by Noemia Alves from RE/MAX Destiny, while the buyer was represented by Ryan Taylor from Fortune RE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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