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118 Magazine Street

Compass Brokers Sell Multifamily Property In Cambridge, MA For $2M
SOLDMultiFamily

Compass Brokers Sell Multifamily Property In Cambridge, MA For $2M

118 Magazine Street

$2,000,000

$333/SF

Building Size

5,996 SF

Asset Type

MultiFamily

Closing

Nov 30, 2023

AI

A multifamily property located at 118 Magazine Street in Cambridge, MA has recently been sold for $2 million. The transaction was facilitated by a team from Compass, consisting of Bruce Irving, Elad Bushari, Mara Bushari, Mya Nash, and John Bigelow. The property spans approximately 5,996 square feet, with a price per square foot of $334.

Summary of transaction details:

The team from Compass, including Bruce Irving, Elad Bushari, Mara Bushari, Mya Nash, and John Bigelow, played a crucial role in facilitating the sale of the multifamily property at 118 Magazine Street. Their expertise and efforts contributed to the successful transaction.

Players

John Bigelow

Compass

Broker

$4.3M

vol

2 deals

Broker

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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93