Updated Oct 28, 2024
Gaviata, LLC Acquires Cambridge Multifamily For $14.75M With Brokers Chris Sower, Jonathan Bryant, Bruce Lusa, John Flaherty, Kevin Jones
143-159 Putnam Avenue, Cambridge, Massachusetts, USA
$14,750,000
$534/SF
Building Size
27,600 SF
Asset Type
MultiFamily
Closing
Sep 23, 2021
About this deal
AI
The multifamily property located at 143-159 Putnam Avenue in Cambridge, MA has been sold in a closed transaction. The property consists of 22 units and spans approximately 27,600 square feet. The sale price for the property was $14,750,000, equating to a price per unit of $670,455 and a price per square foot of $534.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,750,000
- Address: 143-159 Putnam Avenue
- Market: Cambridge, MA
- Buyer: Gaviata, LLC
- Seller: Putnam-Elmer Realty Trust
- Brokers: Chris Sower, Jonathan Bryant, Bruce Lusa, John Flaherty, Kevin Jones - Cushman & Wakefield
The sale of the property was facilitated by brokers Chris Sower, Jonathan Bryant, Bruce Lusa, John Flaherty, and Kevin Jones from Cushman & Wakefield. They played a key role in representing both the buyer, Gaviata, LLC, and the seller, Putnam-Elmer Realty Trust, in this transaction.
Players
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Jones to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93