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
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