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
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