Updated Dec 4, 2024
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
3,873 SF
Asset Type
MultiFamily
Closing
May 23, 2024
About this deal
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.
On the Map
$2,900,000
$374/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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93