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Lisa May Sells Multifamily Property To Maggie Dee In Cambridge For $2.9M
SOLD
$2,900,000
Massachusetts
See Similar DealsMultiFamily7,746 SF
Sold 05/23/2024
SOLD
Lisa May Sells Multifamily Property To Maggie Dee In Cambridge For $2.9M
25 Grozier Road & 27 Grozier Road
See Similar DealsMultiFamily7,746 SF
Sold 05/23/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$374
Total Square Footage:7,746 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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