Updated Dec 4, 2024
Kim Walker-Chin Sells Cambridge Multifamily Eco-Oasis For $3.45M In Cambridge, MA As Seller's Rep
24 Glenwood Avenue & 26 Glenwood Avenue
$3,450,000
$479/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Apr 10, 2024
About this deal
AI
A two-family Eco-Friendly Oasis in Cambridgeport, located minutes from Harvard, Central, and Kendall Squares, sold for $3,450,000. The property offers high-end amenities and green features, with each unit featuring modern kitchens, private decks, and garden spaces, creating a perfect blend of indoor and outdoor living in a highly convenient location. The asset spans 3,600 square feet at a price per unit of $1,725,000, with a price per square foot of $958.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,450,000
- Units: 2
- Square Footage: 3,600
- Price per Unit: $1,725,000
- Price per Square Foot: $958
- Address: 24-26 Glenwood Avenue
- Market: Cambridge, MA
- Buyer's Rep: Laughrea Chinitz Team - Engel & Volkers Wellesley
- Seller's Rep: Kim Walker-Chin - Coldwell Banker
The Laughrea Chinitz Team from Engel & Volkers Wellesley represented the buyer in this transaction, while the seller was represented by Kim Walker-Chin from Coldwell Banker.
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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93