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24 Glenwood Avenue

Updated Dec 4, 2024

Kim Walker-Chin Sells Cambridge Multifamily Eco-Oasis For $3.45M In Cambridge, MA As Seller's Rep
SOLDMultiFamily

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

Kim Walker-Chin

Coldwell Banker

Broker

$5.6M

vol

2 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $479 per square foot on a published $3.5M for 7,200 square feet (2024).

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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

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