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166 Charles Street

166 Charles St Cambridge Multifamily Sold For $1.495M With Buyer's & Seller's Reps
SOLDMultiFamily

166 Charles St Cambridge Multifamily Sold For $1.495M With Buyer's & Seller's Reps

166 Charles Street

$1,495,000

$687/SF

Building Size

2,174 SF

Asset Type

MultiFamily

Closing

May 30, 2024

AI

Located at 166 Charles St in Cambridge, MA, this multifamily property was recently sold for $1,495,000. With a total square footage of 2,174, the property commanded a price per square foot of $688. This asset presents a prime opportunity due to its convenient proximity to Kendall Square, providing easy access to MIT, Harvard, and downtown Boston.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,495,000
  • Address: 166 Charles Street
  • Market: Cambridge, MA

The Moving Greater Boston Team from Berkshire Hathaway Homeservices Warren Residential represented the buyer in this transaction, while the seller was represented by David Lilley from Re/Max. The involvement of these experienced representatives highlights the professional and strategic approach taken in this successful deal.

Players

David Lilley

Re/Max

Broker

$34.8M

vol

14 deals

Broker

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

10.61%

Cash-on-Cash

-3.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93