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159-161 Chestnut Street, Ca...

Lisa May's Gibson Sotheby's International Realty Acquires MultiFamily Property On Chestnut St In Cambridge, MA For $2.3M
SOLDMultiFamily

Lisa May's Gibson Sotheby's International Realty Acquires MultiFamily Property On Chestnut St In Cambridge, MA For $2.3M

159-161 Chestnut Street, Cambridge, Massachusetts 02139, United States

$2,300,000

$724/SF

Building Size

3,173 SF

Asset Type

MultiFamily

Closing

Nov 3, 2022

AI

The multifamily property located at 159-161 Chestnut St in Cambridge, MA was recently sold for a total of $2,300,000. The transaction took place on 11/04/2022, and the property spans a total of 3,173 square feet. The price per square foot for this sale was $725. The property features multiple residential units and is situated in the Cambridge market.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Address: 159-161 Chestnut St, Cambridge, MA
  • Date: 11/04/2022
  • Market: Cambridge, MA
  • Square Footage: 3,173
  • Price per Square Foot: $725

Lisa May, representing Gibson Sotheby's International Realty, acted as the buyer's representative in this transaction. The seller's representative was Denman Drapkin Group, associated with Compass. Both Lisa May and the Denman Drapkin Group played instrumental roles in facilitating this sale of the multifamily property in Cambridge, MA.

Players

Lisa May

Sotheby's International Realty

Broker

$8.7M

vol

4 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93