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:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 118 Magazine Street, Cambridge, MA
- Market: Cambridge, MA
- BROKERS: Bruce Irving, Elad Bushari, John Bigelow, Mara Bushari & Mya Nash - Compass
- SF: 5,996
- PPSF: $334
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
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