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Wendy Wang Represents Buyer In $1.398M Multifamily Sale In Cambridge
SOLD
Massachusetts
See Similar DealsMultiFamily5,480 SF
Sold 04/30/2024
SOLD
Wendy Wang Represents Buyer In $1.398M Multifamily Sale In Cambridge
127 Fresh Pond Parkway & 129 Fresh Pond Parkway
See Similar DealsMultiFamily5,480 SF
Sold 04/30/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$255
Total Square Footage:5,480 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,560.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,966.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,627.23
Annual Debt Service$79,526.80
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