Updated Dec 20, 2023
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
About this deal
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.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93