Updated Dec 19, 2023
Hammond Residential Real Estate Represents Buyer In $2.4M Cambridge Multifamily Sale
16 Acorn Street, Cambridge, MA, USA
$2,420,000
$743/SF
Building Size
3,253 SF
Asset Type
MultiFamily
Closing
Nov 18, 2021
About this deal
AI
Located at 16-18 Acorn St in Cambridge, MA, this multifamily property was recently sold in a closed transaction. The property spans 3,253 square feet and was sold for a total of $2,420,000, resulting in a price per square foot of $744.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,420,000
- Market: Cambridge, MA
The buyer of the property, represented by Ava Amiri of Hammond Residential Real Estate, successfully acquired this multifamily asset. On the other side of the transaction, Lindsay Allison and Lisa May, both from Gibson Sotheby's International Realty, acted as the seller's representatives. This deal showcases the expertise and professionalism of these individuals and their respective agencies.
On the Map
$2,420,000
$743/SF
MultiFamily
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Players
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
6.55%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93