G2realty Team & Noemia Alves Acquire Cambridge Multifamily For $1.3M
SOLD
$1,300,000
Massachusetts
See Similar DealsMultiFamily2,752 SF
Sold 01/28/2021
SOLD
G2realty Team & Noemia Alves Acquire Cambridge Multifamily For $1.3M
155-159 Charles Street, Cambridge, Massachusetts, USA
See Similar DealsMultiFamily2,752 SF
Sold 01/28/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$472
Total Square Footage:2,752 SF
Transaction Type:Sale
The multifamily property located at 155-159 Charles Street in Cambridge, MA has been sold for a total price of $1,300,000. The property spans a total square footage of 2,752, resulting in a price per square foot of $472.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 155-159 Charles Street
- Market: Cambridge, MA
- Brokers: G2realty Team & Noemia Alves - RE/MAX DESTINY
- Square Footage: 2,752
- Price per Square Foot: $472
The transaction, which took place on January 28, 2021, was facilitated by the G2realty Team and Noemia Alves from RE/MAX DESTINY. These brokers played a crucial role in the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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