Updated Dec 21, 2023
Steven S. Kim Acquires Multifamily In Cambridge For $1.92M
19 Plymouth St, Pembroke, MA 02359, USA
$1,920,000
$46/SF
Building Size
40,900 SF
Asset Type
MultiFamily
Closing
Mar 2, 2020
About this deal
AI
A multifamily property located at 19 Plymouth Street in Cambridge was recently sold on March 3, 2020. The property consists of 3 units and spans 4,090 square feet. The sale price for this transaction was $1,920,000, resulting in a price per square foot of $469. The buyer, Steven S. Kim, acquired the property from the seller, Estate of Maria M. Luz. The transaction was facilitated by broker Paul Slavinski from Charles Associates.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,920,000
- Square Footage: 4,090
- Price per Square Foot: $469
- Number of Units: 3
- Price per Unit: $640,000
- Seller: Estate of Maria M. Luz
- Buyer: Steven S. Kim
- Broker: Paul Slavinski - Charles Associates
Paul Slavinski, representing Charles Associates, played a key role in facilitating the transaction between the buyer and the seller. This sale represents a successful transaction in the Cambridge market, with the property being acquired at a price per unit of $640,000.
Players
Pembroke 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
8.26%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93