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127 Fresh Pond Parkway

Wendy Wang Represents Buyer In $1.398M Multifamily Sale In Cambridge
SOLDMultiFamily

Wendy Wang Represents Buyer In $1.398M Multifamily Sale In Cambridge

127 Fresh Pond Parkway & 129 Fresh Pond Parkway

$1,398,000

$255/SF

Building Size

5,480 SF

Asset Type

MultiFamily

Closing

Apr 30, 2024

AI

A Philadelphia-style two-family home at 127-129 Fresh Pond Parkway in Cambridge sold for $1.398 million. The Victorian property features hardwood floors, built-ins, high ceilings, porches, a backyard, and parking, making it suitable for owner-occupants or investors.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,398,000
  • Units: 2
  • Price Per Unit: $699,000
  • Total Square Footage: 2,740
  • Price Per Square Foot: $510
  • Address: 127-129 Fresh Pond Parkway
  • Market: Cambridge, MA

Wendy Wang of Downtown Boston Real Estate represented the buyer in the transaction, while Harry Silverstein of Keller Williams was the seller's representative.

Players

Harry Silverstein

Keller Williams Realty

Broker

$1.4M

vol

1 deal

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.35%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93