Coastal Elite Realty Acquires Multifamily Property In Cambridge For $2.98M
31-33 Garfield Street, Cambridge, MA, USA
$2,980,000
$898/SF
Building Size
3,317 SF
Asset Type
MultiFamily
Closing
Jan 21, 2021
AI
The multifamily property located at 31-33 Garfield Street in Cambridge, MA has been sold for a price of $2,980,000. The property consists of 4 units with a total square footage of 3,317. The sale price per unit is $745,000, and the price per square foot is $898.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,980,000
- Address: 31-33 Garfield Street, Cambridge, MA
- Market: Cambridge, MA
- Seller's Representative: Gail Roberts & Ed Feijo - Coldwell Banker Realty Cambridge
- Buyer's Representative: Ying Huang - Coastal Elite Realty, LLC
The sale of 31-33 Garfield Street was facilitated by Gail Roberts and Ed Feijo from Coldwell Banker Realty Cambridge, representing the seller. Ying Huang from Coastal Elite Realty, LLC represented the buyer in this transaction.
Players
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
5.32%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93