Gibson Sotheby's Intl Realty Represents Buyer In $2.2M Sale Of Multifamily Property In Cambridge, MA
24-26 Richard Ave, Cambridge, Massachusetts, USA
$2,214,500
$687/SF
Building Size
3,222 SF
Asset Type
MultiFamily
Closing
May 27, 2021
AI
The multifamily property located at 24-26 Richard Ave in Cambridge, MA was recently sold for a total price of $2,214,500. The sale took place on 05/28/21.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,214,500
- Address: 24-26 Richard Ave, Cambridge, MA
- Square Footage: 3,222 SF
- Price per Square Foot: $687
- Seller's Representative: Thomas Liberty - Jack Conway & Co., Inc.
- Buyer's Representative: Max Dublin - Gibson Sotheby's International Realty
The seller's representative in the deal was Thomas Liberty from Jack Conway & Co., Inc., while the buyer's representative was Max Dublin from Gibson Sotheby's International Realty.
Players
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
7.16%
Cash-on-Cash
-2.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93