Updated Dec 21, 2023
J. Michaels Real Estate Sells Multifamily Property In Cambridge, MA For $1.6M
221 Columbia St, Cambridge, Massachusetts, USA
$1,600,000
$533/SF
Building Size
3,002 SF
Asset Type
MultiFamily
Closing
Nov 18, 2021
About this deal
AI
The multifamily property located at 221 Columbia St in Cambridge, MA was recently sold for $1,600,000. The property spans 3,002 square feet, resulting in a price per square foot of $533.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 221 Columbia St, Cambridge, MA
- Market: Cambridge, MA
- Square Footage: 3,002
- Price Per Square Foot: $533
The sale was facilitated by Michael Kundicz from J. Michaels Real Estate, who served as the broker for the transaction.
The multifamily sale at 221 Columbia St, Cambridge, Massachusetts, USA in Cambridge, Massachusetts sold for $1.6M in 2021. The building is 3,002 square feet, implying about 533 per square foot on the published price. Named participants on the 221 Columbia St, Cambridge, Massachusetts, USA sale are Michael Kundicz. This page is the Cambridge, Massachusetts file for the 221 Columbia St, Cambridge, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Cambridge sit in the Market section below. Filter that Cambridge multifamily set by closing date to see what else sold near 221 Columbia St, Cambridge, Massachusetts, USA around 2021. Published consideration for 221 Columbia St, Cambridge, Massachusetts, USA is $1.6M, dated 2021. Cite this J. Michaels Real Estate Sells Multifamily Property In Cambridge, MA For $1.6M sale when underwriting similar multifamily product around Cambridge, Massachusetts.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93