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12 Lopez Avenue

Multifamily Property In Cambridge, MA Sold For $3.62M With Buyer's Rep Sherry Grancey & Seller's Rep William Senne
SOLDMultiFamily

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

$3,620,000

$492/SF

Building Size

7,344 SF

Asset Type

MultiFamily

Closing

Oct 26, 2023

AI

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:

The transaction involved Sherry Grancey from Gibson Sotheby's International Realty representing the buyer and William Senne from Sennà representing the seller.

Players

William Senne

Senné

Broker

$38.5M

vol

12 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

4.38%

Cash-on-Cash

-1.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93