Gibson Sotheby's Intl Realty Represents Buyer In $2.2M Sale Of Multifamily Property In Cambridge, MA
SOLD
Massachusetts
See Similar DealsMultiFamily3,222 SF
Sold 05/28/2021
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 DealsMultiFamily3,222 SF
Sold 05/28/2021
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$118,106.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,867.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,497.86
Annual Debt Service$125,974.32
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