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273 Western Avenue

Blue Ocean Realty Acquires Multifamily Property In Cambridge, MA For $2.58M
SOLDMultiFamily

Blue Ocean Realty Acquires Multifamily Property In Cambridge, MA For $2.58M

273 Western Avenue

$2,588,000

$736/SF

Building Size

3,514 SF

Asset Type

MultiFamily

Closing

Oct 27, 2023

AI

A multifamily property located at 273 Western Avenue in Cambridge, MA, has been sold for $2,588,000. The property has a total area of 3,514 square feet, resulting in a price per square foot of $736.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,588,000
  • Square Footage: 3,514
  • Price per Square Foot: $736
  • Address: 273 Western Avenue, Cambridge, MA
  • Market: Cambridge, MA

Yueji Hall of Blue Ocean Realty represented the buyer, while Mohammad Nooronzi of Bayside Realty represented the seller in the transaction.

Note: A multifamily property located at 273 Western Avenue in Cambridge, MA, has been sold for $2,588,000. Yueji Hall of Blue Ocean Realty represented the buyer, while Mohammad Nooronzi of Bayside Realty represented the seller in the transaction.

Players

Yueji Hall

Blue Ocean Property Management

Broker

$11.3M

vol

7 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

6.13%

Cash-on-Cash

-1.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93