Compass Acquires Multifamily Property In Cambridge, MA For $1.65M
SOLD
$1,650,000
Massachusetts
See Similar DealsMultiFamily3,030 SF
Sold 05/06/2022
SOLD
Compass Acquires Multifamily Property In Cambridge, MA For $1.65M
19 Berkshire Street, Cambridge, Massachusetts 02141, United States
See Similar DealsMultiFamily3,030 SF
Sold 05/06/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$544
Total Square Footage:3,030 SF
Transaction Type:Sale
A multifamily property located at 19 Berkshire St in Cambridge, MA has been sold for a total price of $1,650,000. The property spans 3,030 square feet, resulting in a price per square foot of $545. The sale took place on 05/06/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 19 Berkshire St, Cambridge, MA
- Market: Cambridge, MA
- Square Footage: 3,030
Jason Zhang, representing Compass, acted as the buyer's representative in this transaction. Ronald Ponte, from Ponte Realty, represented the seller.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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