Updated Oct 29, 2024
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
About this deal
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.
On the Map
$1,925,000
$65/SF
MultiFamily
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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
8.24%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93