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Hammond Residential Real Estate Represents Buyer In $2.4M Cambridge Multifamily Sale

Property Image
SOLD
$2,420,000

Massachusetts

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MultiFamily3,253 SF
Sold 11/18/2021
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Property Image
SOLD

Hammond Residential Real Estate Represents Buyer In $2.4M Cambridge Multifamily Sale

16 Acorn Street, Cambridge, MA, USA

See Similar Deals
MultiFamily3,253 SF
Sold 11/18/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$743
Total Square Footage:3,253 SF
Transaction Type:Sale

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.

Players

Lindsay Allison
2 deals$3.5M volume
BROKER

Lisa May
Sotheby's International Realty
4 deals$8.7M volume
BROKER

Ava Amiri - Hammond
Hammond Residential Real Estate
1 deal$2.4M volume
BROKER

Details

SOLD
IMAGE: Lisa May, Lindsay Allison & Ava Amiri DATE: 11/18/2021 ADDRESS: 16-18 Acorn St MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER'S REP: Ava Amiri - Hammond Residential Real Estate SELLER'S REP: Lindsay Allison & Lisa May - Gibson Sotheby's International Realty SALE PRICE: $2,420,000 SF: 3,253 ~ PPSF: $744

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$129,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,597.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,472.03
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