Updated Dec 4, 2024
Anne Mahon & Sophie Hansell Broker A $1.525M Multifamily Sale In Cambridge MA
16 George Street & 18 George Street
$1,525,000
$296/SF
Building Size
2,574 SF
Asset Type
MultiFamily
Closing
May 20, 2024
About this deal
AI
16-18 George Street in Cambridge, MA, is a two-family home that was sold for $1.525 million. This property spans 2,574 square feet and has a price per square foot of $592. The transaction involved Anne Mahon from Leading Edge Real Estate representing the buyer and Sophie Hansell from Coldwell Banker representing the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,525,000
- Units: 2
- Price Per Unit: $762,500
- Square Footage: 2,574
- Market: Cambridge, MA
- Buyer's Rep: Anne Mahon - Leading Edge Real Estate
- Seller's Rep: Sophie Hansell - Coldwell Banker
The sale of 16-18 George Street was facilitated by Anne Mahon and Sophie Hansell, professionals in the real estate industry who played pivotal roles in representing their respective clients in the transaction.
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
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93