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
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