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44 Kinnaird Street, Cambrid...

Compass Acquires Multifamily Property In Cambridge, MA For $1.5M
SOLDMultiFamily

Compass Acquires Multifamily Property In Cambridge, MA For $1.5M

44 Kinnaird Street, Cambridge, MA, USA

$1,500,000

$725/SF

Building Size

2,068 SF

Asset Type

MultiFamily

Closing

Mar 18, 2021

AI

The multifamily property located at 44 Kinnaird Street in Cambridge, MA was recently sold for $1,500,000. The property spans 2,068 square feet and was sold at a price per square foot of $725. The sale took place on March 19, 2021.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Square Footage: 2,068
  • Price per Square Foot: $725
  • Date: March 19, 2021
  • Address: 44 Kinnaird Street, Cambridge, MA
  • Market: Cambridge, MA

The seller's representative in this transaction was Lauren Watts from Dovetail Real Estate Group, LLC. The buyer's representative was Deanna Palmin from Compass.

Players

Deanna Palmin

Compass

Broker

$1.5M

vol

1 deal

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93