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154 Elm Street

Updated Dec 4, 2024

Catherine Luther & William Luther Of Channing Real Estate Sell Cambridge Multifamily For $2.32M
SOLDMultiFamily

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

Catherine Luther

Channing Real Estate

Broker

$2.3M

vol

1 deal

Broker

North Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $556 per square foot on a published $2.3M for 4,170 square feet (2024).

Visit Channing Real Estate to view all their deals.

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

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