177 Hancock Street Multifamily Sold For $2.43M With Brokers John Petrowsky & Denman Drapkin Group
177 Hancock Street
$2,426,000
$550/SF
Building Size
4,405 SF
Asset Type
MultiFamily
Closing
Sep 4, 2024
AI
A rare 2-family home located at 177 Hancock Street in Cambridge, MA, has been sold for $2,426,000. The property, featuring 4,405 sq. ft. of living space, includes 8 bedrooms and 2.5 baths. Built in 1900, it showcases historic architectural details and was held by the same family for five generations.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,426,000
- Units: 2
- Price Per Unit: $1,213,000
- Square Footage: 4,405
- Price Per Square Foot: $551
- Date of Sale: 09/04/2024
- Market: Cambridge, MA
Representatives for the transaction included John Petrowsky and Denman Drapkin Group from Compass, facilitating the sale of this distinctive property that features high ceilings, multiple fireplaces, and a fenced garden.
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
6.54%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93