Updated Dec 21, 2023
RE/MAX Destiny Brokers $1.375M Multifamily Sale In Cambridge, MA
161 Cushing Street, Cambridge, Massachusetts, USA
$1,375,000
$554/SF
Building Size
2,478 SF
Asset Type
MultiFamily
Closing
Nov 18, 2021
About this deal
AI
A multifamily property located at 161 Cushing St in Cambridge, MA has been sold for $1,375,000. The property spans 2,478 square feet, resulting in a price per square foot of $555.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Address: 161 Cushing St, Cambridge, MA
- Market: Cambridge, MA
The sale was facilitated by David Lilley from RE/MAX Destiny. He acted as the broker representing the parties involved in the transaction.
The multifamily sale at 161 Cushing Street, Cambridge, Massachusetts, USA in Cambridge, Massachusetts sold for $1.4M in 2021. The building is 2,478 square feet, implying about 554 per square foot on the published price. David Lilley, Re/Max appear on the sale alongside Re/Max. This page is the Cambridge, Massachusetts file for the 161 Cushing Street, Cambridge, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Cambridge sit in the Market section below. Filter that Cambridge multifamily set by closing date to see what else sold near 161 Cushing Street, Cambridge, Massachusetts, USA around 2021. Published consideration for 161 Cushing Street, Cambridge, Massachusetts, USA is $1.4M, dated 2021. Cite this RE/MAX Destiny Brokers $1.375M Multifamily Sale In Cambridge, MA sale when underwriting similar multifamily product around Cambridge, Massachusetts.
Players
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit David Lilley to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93