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24-26 Richard Ave, Cambridg...

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

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

Max Dublin

Sotheby's International Realty

Broker

$12.1M

vol

8 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

7.16%

Cash-on-Cash

-2.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93