Redfin Corp. Acquires Multifamily Property In Cambridge, MA For $1.42M
SOLD
$1,420,000
Massachusetts
See Similar DealsMultiFamily1,973 SF
Sold 04/20/2022
SOLD
Redfin Corp. Acquires Multifamily Property In Cambridge, MA For $1.42M
286 Pearl Street, Cambridge, Massachusetts 02139, United States
See Similar DealsMultiFamily1,973 SF
Sold 04/20/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$719
Total Square Footage:1,973 SF
Transaction Type:Sale
The multifamily property located at 286 Pearl St in Cambridge, MA has been sold for a total price of $1,420,000. The property spans a total area of 1,973 square feet, resulting in a price per square foot of $720.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,420,000
- Address: 286 Pearl St, Cambridge, MA
- Market: Cambridge, MA
- Buyer's Representative: Kristin Moore - Redfin Corp.
- Seller's Representative: Daniela Cafaro - Compass
Kristin Moore from Redfin Corp. represented the buyer in this transaction, while Daniela Cafaro from Compass represented the seller.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$75,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,044.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,731.52
Annual Debt Service$80,778.29
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