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
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