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
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.
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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93