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Berkshire Hathaway Acquires Multifamily Property In Cambridge, MA

Property Image
SOLD
$1,818,000

Massachusetts

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MultiFamily3,965 SF
Sold 02/15/2022
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Property Image
SOLD

Berkshire Hathaway Acquires Multifamily Property In Cambridge, MA

22 Dudley Street, Cambridge, Massachusetts 02140, United States

See Similar Deals
MultiFamily3,965 SF
Sold 02/15/2022
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$458
Total Square Footage:3,965 SF
Transaction Type:Sale

The multifamily property located at 22 Dudley St in Cambridge, MA has been sold for $1,818,000. The property spans a total area of 3,965 square feet, resulting in a price per square foot of $459.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,818,000
  • Square Footage: 3,965
  • Price per Square Foot: $459
  • Market: Cambridge, MA

The buyer's representative for this transaction was Giang Nguyen from Transocean Tower Realty LLC, while the seller's representative was the Ng/Praysman Team from Berkshire Hathaway HomeServices Commonwealth Real Estate.

Players

Giang Nguyen
Transocean Tower Realty
Giang Nguyen
3 deals$5.7M volume
BROKER

Details

SOLD
IMAGE: Helen Praysman & Patricia Ng DATE: 02/15/2022 ADDRESS: 22 Dudley St MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER'S REP: Giang Nguyen - Transocean Tower Realty LLC SELLER'S REP: Ng/Praysman Team - Berkshire Hathaway HomeServices Commonwealth Real Estate SALE PRICE: $1,818,000 SF: 3,965 ~ PPSF: $459

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,960.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,458.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,618.25
Annual Debt Service$103,418.97