Updated Dec 21, 2023
Purdy Properties Acquires Multifamily Asset In Cambridge, MA For $3.4M
11-13 Glenwood Ave, Cambridge, Massachusetts, USA
$3,400,000
$1,168/SF
Building Size
2,910 SF
Asset Type
MultiFamily
Closing
Nov 10, 2021
About this deal
AI
An multifamily property located at 11-13 Glenwood Ave in Cambridge, MA, has been sold for a price of $3,400,000. The property spans across 2,910 square feet and was sold at a price of $1,168 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Address: 11-13 Glenwood Ave, Cambridge, MA
- Market: Cambridge, MA
The buyer was represented by Neil Purdy of Purdy Properties, while the seller was represented by The Alison Socha Team of Leading Edge Real Estate.
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93