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
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
11.35%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93