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133 Otis Street, Cambridge,...

Updated Dec 20, 2023

Compass Acquires Multifamily Property On Otis St In Cambridge For $2.5M
SOLDMultiFamily

Compass Acquires Multifamily Property On Otis St In Cambridge For $2.5M

133 Otis Street, Cambridge, Massachusetts 02141, United States

$2,500,000

$661/SF

Building Size

3,777 SF

Asset Type

MultiFamily

Closing

Mar 23, 2022

About this deal

AI

A multifamily property located at 133 Otis St in Cambridge, MA has been sold for a total price of $2,500,000. The property has a total square footage of 3,777, resulting in a price per square foot of $662. The sale took place on March 24, 2022, and the buyer was represented by Seth Driggin from Compass. On the other hand, THE TEAM from Real Estate Advisors - Coldwell Banker Realty - Cambridge represented the seller.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Square Footage: 3,777
  • Price Per Square Foot: $662
  • Address: 133 Otis St, Cambridge, MA
  • Buyer's Representative: Seth Driggin - Compass
  • Seller's Representative: THE TEAM - Real Estate Advisors - Coldwell Banker Realty - Cambridge

The sale of the multifamily property at 133 Otis St was facilitated by Seth Driggin from Compass, who represented the buyer. THE TEAM from Real Estate Advisors - Coldwell Banker Realty - Cambridge acted as the seller's representative. This successful transaction demonstrates the expertise and negotiation skills of the involved parties.

Players

Seth Driggin

Compass

Broker

$3.6M

vol

2 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $661 per square foot on a published $2.5M for 3,777 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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