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Gibson Sotheby's Intl Realty Represents Buyer In $2.2M Sale Of Multifamily Property In Cambridge, MA

Property Image
SOLD
$2,214,500

Massachusetts

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MultiFamily3,222 SF
Sold 05/28/2021
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Property Image
SOLD

Gibson Sotheby's Intl Realty Represents Buyer In $2.2M Sale Of Multifamily Property In Cambridge, MA

24-26 Richard Ave, Cambridge, Massachusetts, USA

See Similar Deals
MultiFamily3,222 SF
Sold 05/28/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$687
Total Square Footage:3,222 SF
Transaction Type:Sale

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

Max Dublin
8 deals$12.1M volume
BROKER

Thomas (Tom) Liberty
Jack Conway & Company
1 deal$2.2M volume
BROKER

Details

SOLD
IMAGE: Thomas Liberty & Max Dublin DATE: 05/28/21 ADDRESS: 24-26 Richard Ave MARKET: Cambridge, MA ASSET TYPE: Multifamily SELLER'S REP: Thomas Liberty - Jack Conway & Co., Inc. BUYER'S REP: Max Dublin - Gibson Sotheby's International Realty SALE PRICE: $2,214,500 SF: 3,222 ~ PPSF: $687

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$7,867.66
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