Coastal Elite Realty Acquires Multifamily Property In Cambridge For $2.98M
SOLD
$2,980,000
Massachusetts
See Similar DealsMultiFamily3,317 SF
Sold 01/22/2021
SOLD
Coastal Elite Realty Acquires Multifamily Property In Cambridge For $2.98M
31-33 Garfield Street, Cambridge, MA, USA
See Similar DealsMultiFamily3,317 SF
Sold 01/22/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$898
Total Square Footage:3,317 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$158,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,587.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,126.72
Annual Debt Service$169,520.64
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