RE/MAX Destiny Represents $2.1M Multifamily Sale In Cambridge, MA
SOLD
$2,100,000
Massachusetts
See Similar DealsMultiFamily2,331 SF
Sold 01/19/2022
SOLD
RE/MAX Destiny Represents $2.1M Multifamily Sale In Cambridge, MA
208-210 Banks Street, Cambridge, Massachusetts 02138, United States
See Similar DealsMultiFamily2,331 SF
Sold 01/19/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$900
Total Square Footage:2,331 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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