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

Property Image
SOLD
$1,495,000

Massachusetts

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MultiFamily2,174 SF
Sold 05/30/2024
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Property Image
SOLD

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

166 Charles Street

See Similar Deals
MultiFamily2,174 SF
Sold 05/30/2024
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$687
Total Square Footage:2,174 SF
Transaction Type:Sale

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
David Lilley
14 deals$34.8M volume
BROKER

Details

SOLD
IMAGE: David Lilley DATE: 05/30/2024 ADDRESS: 166 Charles Street MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER'S REP: The Moving Greater Boston Team - Berkshire Hathaway Homeservices Warren Residential (@WarrenRE) SELLER'S REP: David Lilley - Re/Max (@Remax) SALE PRICE: $1,495,000 SF: 2,174 ~ PPSF: $688 NOTE: 166 Charles St in Cambridge, MA, sold for $1,495,000, offering a prime opportunity with its proximity to Kendall Square and easy access to MIT, Harvard, and downtown Boston.

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

$79,733.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,311.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,087.06
Annual Debt Service$85,044.75