facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

196-198 Franklin Street

Lineage Realty Group Acquires Multifamily Property In Cambridge For $1.5M
SOLDMultiFamily

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

Gail Roberts

Coldwell Banker

Broker

$39.8M

vol

12 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93