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155-159 Charles Street, Cam...

G2realty Team & Noemia Alves Acquire Cambridge Multifamily For $1.3M
SOLDMultiFamily

G2realty Team & Noemia Alves Acquire Cambridge Multifamily For $1.3M

155-159 Charles Street, Cambridge, Massachusetts, USA

$1,300,000

$472/SF

Building Size

2,752 SF

Asset Type

MultiFamily

Closing

Jan 27, 2021

AI

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.

Players

Noemia Alves

Re/Max

Broker

$11.3M

vol

5 deals

Broker

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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93