Lineage Realty Group Acquires Multifamily Property In Cambridge For $1.5M
196-198 Franklin Street
$1,500,000
$667/SF
Building Size
2,248 SF
Asset Type
MultiFamily
Closing
Sep 18, 2023
AI
A multifamily property located at 196-198 Franklin Street in Cambridge, Massachusetts, recently changed hands in a sale transaction. The property spans 2,248 square feet and was sold for a price of $1,500,000, resulting in a price per square foot of $667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 196-198 Franklin Street, Cambridge, MA
- Market: Cambridge, MA
The buyer in this transaction was represented by Lei Shen from Lineage Realty Group, while the seller was represented by Gail Roberts from Coldwell Banker Realty - Cambridge.
Please note that Lei Shen of Lineage Realty Group acted as the buyer's representative in this deal and Gail Roberts of Coldwell Banker Realty - Cambridge acted as the seller's representative.
Players
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93