Homeowners Rehab Inc Acquires Multifamily Property From Lesley University In Cambridge, MA
SOLD
Massachusetts
See Similar DealsMultiFamily12,204 SF
Sold 06/04/2024
SOLD
Homeowners Rehab Inc Acquires Multifamily Property From Lesley University In Cambridge, MA
28 Wendell Street
See Similar DealsMultiFamily12,204 SF
Sold 06/04/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$844
Total Square Footage:12,204 SF
Transaction Type:Sale
The multifamily property located at 28 Wendell Street in Cambridge, MA, was sold for $10,300,000. Spanning 12,204 square feet, the property was acquired by Homeowners Rehab Inc from the seller, Lesley University.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,300,000
- SF: 12,204
- Price per Square Foot: $844
- Buyer: Homeowners Rehab Inc
- Seller: Lesley University
The sale was facilitated by the representatives of the seller, Cushman & Wakefield, including Christopher Sower, John Flaherty, Bruce Lusa, Jonathan Bryant, Julie Regan, Kevin Jones, and Mary VanNatta.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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