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16 Acorn Street, Cambridge,...

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

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

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.

Players

Lindsay Allison

Sotheby's International Realty

Broker

$3.5M

vol

2 deals

Broker

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