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2534 Massachusetts Ave, Cam...

Keller Williams Realty Acquires Multifamily Property In Cambridge For $1.25M
SOLDMultiFamily

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

Lori Orchanian

Coldwell Banker

Broker

$10.5M

vol

6 deals

Broker

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