RE/MAX Destiny Represents $2.1M Multifamily Sale In Cambridge, MA
208-210 Banks Street, Cambridge, Massachusetts 02138, United States
$2,100,000
$900/SF
Building Size
2,331 SF
Asset Type
MultiFamily
Closing
Jan 18, 2022
AI
A multifamily property located at 208-210 Banks St in Cambridge, MA was recently sold for $2,100,000. The property consists of 3 units with a total area of 2,331 square feet. The sale price per unit was $700,000, while the price per square foot was $901.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Units: 3
- Square Feet: 2,331
- Price Per Unit: $700,000
- Price Per Square Foot: $901
The buyer's representative in this transaction was David Lilley from RE/MAX Destiny, while the seller's representative was Lisa Johnson, also from RE/MAX Destiny.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93