William Senné Acquires Multifamily Property In Cambridge, MA For $2.7M
24 Porter Street, Cambridge, Massachusetts 02141, United States
$2,700,000
$492/SF
Building Size
5,478 SF
Asset Type
MultiFamily
Closing
Dec 29, 2021
AI
A multifamily property located at 24-28 Porter St in Cambridge, MA was recently sold for $2,700,000. The property consists of approximately 5,478 square feet, resulting in a price per square foot of $493. The sale took place on December 29, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Address: 24-28 Porter St, Cambridge, MA
- Market: Cambridge, MA
The buyer's representative in this transaction was William Senné from Senné. On the other hand, Paul Cirignano & The Synergy Group, affiliated with Leading Edge Real Estate, acted as the seller's representatives.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93