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:
- 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.
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
4.38%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93