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281 Cardinal Medeiros Ave, ...

WO RE Holdings LLC Acquires Multifamily Property In Cambridge For $1.925M
SOLDMultiFamily

WO RE Holdings LLC Acquires Multifamily Property In Cambridge For $1.925M

281 Cardinal Medeiros Ave, Cambridge, MA 02141, USA

$1,925,000

$65/SF

Building Size

29,210 SF

Asset Type

MultiFamily

Closing

Mar 2, 2020

AI

The multifamily property located at 281 Cardinal Medeiros Avenue in Cambridge has been sold for $1,925,000. This property spans over 2,921 square feet, resulting in a price per square foot of $395.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,925,000
  • Square Footage: 2,921
  • Price Per Square Foot: $395
  • Address: 281 Cardinal Medeiros Avenue
  • Market: Cambridge

The seller in this transaction was the Sousa Family. The buyer, WO RE Holdings LLC, represented by individuals Pibin Teng and Ben Z. Lin, acquired the property. The deal was facilitated by Colleen Sleeper of Senne Residential.

Players

Colleen Sleeper

Broker

$1.9M

vol

1 deal

Broker

Pibin Teng

WO RE Holdings LLC

Buyer

$8.5M

vol

3 deals

Buyer
WL
WO RE Holdings LLCBuyer

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.24%

Cash-on-Cash

-2.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93