Updated Dec 20, 2023
Dorothy Karwowski Acquires Multifamily Property In Greenpoint For $2.4M
274 Franklin St, Cambridge, MA 02139, USA
$2,400,000
$2,666/SF
Building Size
900 SF
Asset Type
MultiFamily
Closing
Mar 31, 2020
About this deal
AI
The multifamily property located at 274 Franklin Street in Greenpoint has been sold in a closed transaction. The property spans 9,000 square feet and consists of 10 units. The transaction price was $2,400,000, resulting in a price per square foot of $266 and a price per unit of $240,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Address: 274 Franklin Street
- Market: Greenpoint
- Square Feet: 9,000
- Price Per Square Foot: $266
- Units: 10
- Price Per Unit: $240,000
The buyer involved in this transaction is Dorothy Karwowski, while the seller is Elizabeth Alvarez.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93