Lisa May Sells Multifamily Property To Maggie Dee In Cambridge For $2.9M
25 Grozier Road & 27 Grozier Road
$2,900,000
$374/SF
Building Size
7,746 SF
Asset Type
MultiFamily
Closing
May 23, 2024
AI
A multi-family property located at 25-27 Grozier Road in Cambridge, MA, has sold for $2,900,000. The property consists of 2 units with a total area of 3,873 square feet, resulting in a price per unit of $1,450,000 and a price per square foot of $749.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Address: 25-27 Grozier Road
- Market: Cambridge, MA
- Units: 2
- SF: 3,873
- PPU: $1,450,000
- PPSF: $749
- Buyer's Rep: Maggie Dee - Compass
- Seller's Rep: Lisa May - Gibson Sotheby's International Realty
Maggie Dee from Compass represented the buyer in this transaction, while Lisa May from Gibson Sotheby's International Realty represented the seller.
Players
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93