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31-33 Garfield Street, Camb...

Coastal Elite Realty Acquires Multifamily Property In Cambridge For $2.98M
SOLDMultiFamily

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

Gail Roberts

Coldwell Banker

Broker

$39.8M

vol

12 deals

Broker

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

5.32%

Cash-on-Cash

-1.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93