Updated Dec 4, 2024
Catherine Luther & William Luther Of Channing Real Estate Sell Cambridge Multifamily For $2.32M
154 Elm Street
$2,320,000
$556/SF
Building Size
4,170 SF
Asset Type
MultiFamily
Closing
Jul 30, 2024
About this deal
AI
This three-unit, multi-family property located at 154 Elm Street, Cambridge, MA, has recently sold for $2,320,000. The building encompasses a total of 4,170 square feet, resulting in a price per unit of $773,333 and a price per square foot of $556. The property was listed for the first time in nearly 50 years and is situated between Porter and Davis Squares, featuring high walk and bike scores.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,320,000
- Units: 3
- Square Feet: 4,170
- Price Per Unit: $773,333
- Price Per Square Foot: $556
Catherine Luther and William Luther from Channing Real Estate acted as the brokers for this transaction, representing the interests of the parties involved in the sale.
Players
North 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
6.84%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93