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21 Mellen Street, Cambridge...

Updated Dec 21, 2023

Christopher Sower Facilitates $2.08M Sale Of Multifamily Property On Mellen St, Cambridge
SOLDMultiFamily

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.

Players

Christopher Sower

Cushman & Wakefield

Broker

$1B

vol

79 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $393 per square foot on a published $2.1M for 5,293 square feet (2022).

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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

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