Updated Dec 21, 2023
Cushman & Wakefield Sells Multifamily Property In Cambridge, MA For $2.2M
17 Mellen Street, Cambridge, Massachusetts 02138, United States
$2,200,000
$655/SF
Building Size
3,358 SF
Asset Type
MultiFamily
Closing
May 30, 2022
About this deal
AI
A multifamily property located at 17 Mellen St in Cambridge, MA has been sold for $2,200,000. The property has a total square footage of 3,358 and a price per square foot of $655. The sale took place on May 31, 2022. The property was listed by Christopher Sower from Cushman & Wakefield.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Square Footage: 3,358
- Price per Square Foot: $655
- Address: 17 Mellen St, Cambridge, MA
- Market: Cambridge, MA
The sale was facilitated by Christopher Sower, a broker from Cushman & Wakefield.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93