Engel & Völkers Boston Represents Buyer In $4.1M Cambridge Multifamily Sale
SOLD
$4,125,000
Massachusetts
See Similar DealsMultiFamily4,552 SF
Sold 03/31/2023
SOLD
Engel & Völkers Boston Represents Buyer In $4.1M Cambridge Multifamily Sale
315 317 Pearl St
See Similar DealsMultiFamily4,552 SF
Sold 03/31/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$906
Total Square Footage:4,552 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$220,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25
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