Updated Oct 28, 2024
Homeowner's Rehab Acquires Multifamily Property In Cambridge For $7.2M
1627 Massachusetts Avenue
$7,200,000
$1,055/SF
Building Size
6,821 SF
Asset Type
MultiFamily
Closing
Aug 15, 2022
About this deal
AI
The multifamily property located at 1627 Massachusetts Avenue in Cambridge, MA has been sold in a closed transaction. The property consists of 6,821 square feet. The sale price for this transaction was $7,200,000, resulting in a price per square foot of $1,056.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,200,000
- Address: 1627 Massachusetts Avenue, Cambridge, MA
- Market: Cambridge, MA
The buyer of the property is Homeowner's Rehab, and the seller is Lesley University. Representing the buyer and seller in this transaction were the following brokers from Cushman & Wakefield: John Flaherty, Chris Sower, Bruce Lusa, Jon Bryant, Kevin Jones, Julie Regan, and Mary VanNatta.
On the Map
$7,200,000
$1,055/SF
MultiFamily
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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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93