Updated Dec 20, 2023
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
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93