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183 Lakeview Avenue, Cambri...

RE/MAX Destiny Represents Buyer In $2.25M Multifamily Sale On Lakeview Ave, Cambridge
SOLDMultiFamily

RE/MAX Destiny Represents Buyer In $2.25M Multifamily Sale On Lakeview Ave, Cambridge

183 Lakeview Avenue, Cambridge, Massachusetts 02138, United States

$2,250,000

$677/SF

Building Size

3,321 SF

Asset Type

MultiFamily

Closing

Jun 23, 2022

AI

Located at 183 Lakeview Ave in Cambridge, MA, this multifamily property was recently sold. The sale was handled by Gail Roberts, Ed Feijo, and their team at Coldwell Banker Realty - Cambridge, who represented the sellers. On the buyer's side, Lisa Johnson of RE/MAX Destiny acted as the buyer's representative in this transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $2,250,000
  • Square Footage: 3,321
  • Price per Square Foot: $678
  • Market: Cambridge, MA

The property features spacious units with a total square footage of 3,321. The sale price for this multifamily property was $2,250,000, resulting in a price per square foot of $678. The transaction took place in Cambridge, MA, which is known for its vibrant real estate market.

Gail Roberts, Ed Feijo, and their team at Coldwell Banker Realty - Cambridge represented the sellers in this deal, while Lisa Johnson of RE/MAX Destiny served as the buyer's representative. Together, they facilitated the successful sale of this multifamily property.

Players

Gail Roberts

Coldwell Banker

Broker

$39.8M

vol

12 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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93