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.
On the Map
$3,400,000
$1,168/SF
MultiFamily
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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