facebook
Traded Co logo
Submit

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

Property Image
SOLD
$2,250,000

Massachusetts

See Similar Deals
MultiFamily3,321 SF
Sold 06/24/2022
the dealplayerscompscontact
Property Image
SOLD

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

183 Lakeview Avenue, Cambridge, Massachusetts 02138, United States

See Similar Deals
MultiFamily3,321 SF
Sold 06/24/2022
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$677
Total Square Footage:3,321 SF
Transaction Type:Sale

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
12 deals$39.8M volume
BROKER

Lisa Johnson
Re/Max
3 deals$7.2M volume
BROKER

Details

SOLD
IMAGE: Gail Roberts DATE: 06/24/2022 ADDRESS: 183 Lakeview Ave MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER'S REP: Lisa Johnson - RE/MAX Destiny (@Remax) SELLER'S REP: Gail Roberts (@GailRobertsRealEstate), Ed Feijo & Team - Coldwell Banker Realty - Cambridge (@ColdwellBankerCambridge) SALE PRICE: $2,250,000 SF: 3,321 ~ PPSF: $678

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77