Renee Roberts - William Raveis R.E. & Home Services Acquires Multifamily Property In Cambridge, MA For $1.1M
SOLD
$1,110,000
Massachusetts
See Similar DealsMultiFamily2,516 SF
Sold 01/28/2022
SOLD
Renee Roberts - William Raveis R.E. & Home Services Acquires Multifamily Property In Cambridge, MA For $1.1M
28 Gold Star Road, Cambridge, Massachusetts 02140, United States
See Similar DealsMultiFamily2,516 SF
Sold 01/28/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$441
Total Square Footage:2,516 SF
Transaction Type:Sale
The property involved in the transaction is a multifamily asset located at 28 Gold Star Rd in Cambridge, MA. The sale of the property was concluded on 01/28/2022 for a price of $1,110,000. The property spans a total area of 2,516 square feet, resulting in a price per square foot of $441.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Address: 28 Gold Star Rd
- Market: Cambridge, MA
The buyer's representative in this transaction was Renee Roberts from William Raveis R.E. & Home Services, while the seller's representative was Jared Clement from Charlesgate Realty Group, Llc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,943.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,261.97
Annual Debt Service$63,143.60
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