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Multifamily Property In Cambridge, MA Sold For $3.62M With Buyer's Rep Sherry Grancey & Seller's Rep William Senne
SOLD
$3,620,000
Massachusetts
See Similar DealsMultiFamily7,344 SF
Sold 10/26/2023
SOLD
Multifamily Property In Cambridge, MA Sold For $3.62M With Buyer's Rep Sherry Grancey & Seller's Rep William Senne
12 Lopez Avenue & 14 Lopez Avenue
See Similar DealsMultiFamily7,344 SF
Sold 10/26/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$492
Total Square Footage:7,344 SF
Transaction Type:Sale
A multifamily property located at 12-14 Lopez Avenue in Cambridge, MA, has been sold for $3,620,000. The property has a total area of 3,672 square feet, resulting in a price per square foot of $986.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,620,000
- Address: 12-14 Lopez Avenue
- Market: Cambridge, MA
- Buyer's Rep: Sherry Grancey - Gibson Sotheby's International Realty
- Seller's Rep: William Senne - SennÃ
The transaction involved Sherry Grancey from Gibson Sotheby's International Realty representing the buyer and William Senne from Sennà representing the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$193,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,861.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,160.65
Annual Debt Service$205,927.76
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