Updated Sep 9, 2024
MultiFamily Property In West Cambridge, MA Sells For $2.8M Represented By Holly Almgren
204 Lakeview Ave Cambridge, Ma 02138, Usa
$2,815,000
$848/SF
Building Size
3,316 SF
Asset Type
MultiFamily
Closing
Jul 6, 2023
About this deal
AI
A multifamily property located at 204-206 Lakeview in West Cambridge, MA was sold on July 6, 2023, for a total of $2,815,000. This property, measuring 3,316 square feet in size, was acquired at a rate of $849 per square foot.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $2,815,000
- Address: 204-206 Lakeview, West Cambridge, MA
- Market: West Cambridge, MA
- Buyer's Representative: Holly Almgren - Coldwell Banker
- Seller's Representative: Bigelow/Irving - Compass
The buyer, Holly Almgren from Coldwell Banker, and the seller's representatives from Bigelow/Irving - Compass were the key individuals involved in this transaction.
Players
Boston 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
5.64%
Cash-on-Cash
-1.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93