Keller Williams Realty Acquires Multifamily Property In Cambridge For $1.25M
2534 Massachusetts Ave, Cambridge, Massachusetts, USA
$1,250,000
$511/SF
Building Size
2,445 SF
Asset Type
MultiFamily
Closing
Jun 2, 2020
AI
A multifamily property located at 2534 Massachusetts Ave in Cambridge, MA has been sold for $1,250,000. The property spans 2,445 square feet with a price per square foot of $511. The sale took place on 06/02/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 2534 Massachusetts Ave, Cambridge, MA
- Square Footage: 2,445
- Price Per Square Foot: $511
- Date: 06/02/2021
Lori Orchanian, representing Coldwell Banker Realty - Belmont, served as the seller's representative in the transaction. Julia Xie, from Keller Williams Realty - Merrimack, represented the buyer.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93