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190 Lexington Avenue

Currier, Lane & Young Of Compass Represents Buyer In Sale Of Multifamily Property For $1.73M In Cambridge
SOLDMultiFamily

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.

Players

Lauren Holleran

Sotheby's International Realty

Broker

$12.2M

vol

6 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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