Noemia Alves Sells Multifamily Property On Cambridge St For $5.9M
1052 Cambridge Street, Cambridge, MA, USA
$5,900,000
$533/SF
Building Size
11,055 SF
Asset Type
MultiFamily
Closing
Jul 12, 2021
AI
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.
Players
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93