Updated Sep 9, 2024
Bayside Realty Brokers Sell Cambridge Multifamily Property For $2.5M
240 Allston Street, Cambridge, Massachusetts 02139, United States
$2,500,000
$597/SF
Building Size
4,182 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
About this deal
AI
The multifamily property located at 240 Allston St in Cambridge, MA has been sold. The transaction took place on March 31, 2022, and the property was sold for a price of $2,500,000. The total square footage of the property is 4,182, resulting in a price per square foot of $598.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 240 Allston St, Cambridge, MA
- Market: Cambridge, MA
- SF: 4,182
- PPSF: $598
The sale of this multifamily property was facilitated by Janette Giso and Mohammad Nooronzi from Bayside Realty. They represented the parties involved in the transaction, acting as brokers for the deal.
On the Map
$2,500,000
$597/SF
MultiFamily
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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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93