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322 Brookline Street

Multifamily Property At 322 Brookline Street In Cambridge, MA Sells For $3.55M With Buyer's Rep Femion Mezini And Seller's Rep Michael Lord
SOLDMultiFamily

Multifamily Property At 322 Brookline Street In Cambridge, MA Sells For $3.55M With Buyer's Rep Femion Mezini And Seller's Rep Michael Lord

322 Brookline Street

$3,550,000

$909/SF

Building Size

3,902 SF

Asset Type

MultiFamily

Closing

Dec 1, 2023

AI

A multifamily property located at 322 Brookline Street in Cambridge, MA was recently sold for a total of $3,550,000. The property spans a total square footage of 3,902, resulting in a price per square foot of $910.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,550,000
  • Address: 322 Brookline Street
  • Market: Cambridge, MA

The buyer in this transaction was represented by Femion Mezini from Buyers Brokers Only, while the seller was represented by Michael Lord from Capital Realty Group. Both brokers played crucial roles in facilitating the sale of the multifamily property.

Players

Femion Mezini

Capital Realty Group

Broker

$18.7M

vol

6 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

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93