Updated Dec 21, 2023
Christopher Sower Facilitates $2.08M Sale Of Multifamily Property On Mellen St, Cambridge
21 Mellen Street, Cambridge, Massachusetts 02138, United States
$2,080,000
$393/SF
Building Size
5,293 SF
Asset Type
MultiFamily
Closing
Apr 21, 2022
About this deal
AI
A multifamily property located at 21 Mellen St in Cambridge, MA has been sold for a price of $2,080,000. The property spans a total area of 5,293 square feet, resulting in a price per square foot of $393. The sale took place on April 22, 2022. Christopher Sower of Cushman & Wakefield represented the transaction as the broker.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,080,000
- Address: 21 Mellen St, Cambridge, MA
- Square Footage: 5,293
- Price per Square Foot: $393
- Date: 04/22/2022
- Broker: Christopher Sower - Cushman & Wakefield
This transaction highlights the successful collaboration between the buyer and seller, with Christopher Sower serving as the representative from Cushman & Wakefield. The property's attractive features, including its location in Cambridge, MA, and the competitive price per square foot, likely contributed to its appeal in the market.
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
7.63%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93