WO RE Holdings LLC Acquires Multifamily Property In Cambridge For $1.925M
SOLD
$1,925,000
Massachusetts
See Similar DealsMultiFamily29,210 SF
Sold
SOLD
WO RE Holdings LLC Acquires Multifamily Property In Cambridge For $1.925M
281 Cardinal Medeiros Ave, Cambridge, MA 02141, USA
See Similar DealsMultiFamily29,210 SF
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$65
Total Square Footage:29210 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$102,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,839.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,125.48
Annual Debt Service$109,505.79
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