Currier, Lane & Young Of Compass Represents Buyer In Sale Of Multifamily Property For $1.73M In Cambridge
190 Lexington Avenue
$1,730,000
$777/SF
Building Size
2,224 SF
Asset Type
MultiFamily
Closing
Jul 11, 2024
AI
A two-family home located at 190 Lexington Avenue in Cambridge, MA has been sold for $1,730,000. The property consists of 2 units, measuring a total of 2,224 square feet, resulting in a price per unit of $865,000 and a price per square foot of $778.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,730,000
- Units: 2
- Square Footage: 2,224
- Price Per Unit: $865,000
- Price Per Square Foot: $778
- Buyer's Representative: Currier, Lane & Young - Compass
- Seller's Representative: Lauren Holleran
This transaction highlights the involvement of Currier, Lane & Young representing the buyer from Compass, while the seller was represented by Lauren Holleran. The property is positioned in a strategic area near Fresh Pond, providing convenient access to Harvard and Porter Squares, making it appealing for developers or investors.
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
9.17%
Cash-on-Cash
-2.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93