Engel & Völkers Boston Represents Buyer In $4.1M Cambridge Multifamily Sale
315 317 Pearl St
$4,125,000
$906/SF
Building Size
4,552 SF
Asset Type
MultiFamily
Closing
Mar 31, 2023
AI
The multifamily property located at 315-317 Pearl St in Cambridge, MA has been sold for a total price of $4,125,000. The property spans approximately 4,552 square feet, resulting in a price per square foot of $906.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,125,000
- Address: 315-317 Pearl St, Cambridge, MA
- Market: Cambridge, MA
The buyer's representative in this transaction was Barbara Wales from Engel & Völkers Boston, while the seller was represented by Greene Properties Group from Compass.
Players
Elizabeth 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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93