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RE/MAX Destiny Brokers $1.375M Multifamily Sale In Cambridge, MA

Property Image
SOLD
$1,375,000

Massachusetts

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MultiFamily2,478 SF
Sold 11/18/2021
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Property Image
SOLD

RE/MAX Destiny Brokers $1.375M Multifamily Sale In Cambridge, MA

161 Cushing Street, Cambridge, Massachusetts, USA

See Similar Deals
MultiFamily2,478 SF
Sold 11/18/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$554
Total Square Footage:2,478 SF
Transaction Type:Sale

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.

Players

David Lilley
14 deals$34.8M volume
BROKER

Details

SOLD
IMAGE: David Lilley DATE: 11/18/2021 ADDRESS: 161 Cushing St MARKET: Cambridge, MA ASSET TYPE: Multifamily BROKER: David Lilley - RE/MAX Destiny SALE PRICE: $1,375,000 SF: 2,478 ~ PPSF: $555

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

$73,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42