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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

Property Image
SOLD
$3,550,000
Femion Mezini
Michael (Mike) Lord

Massachusetts

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MultiFamily3,902 SF
Sold 12/01/2023
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
MultiFamily3,902 SF
Sold 12/01/2023
Femion Mezini
Michael (Mike) Lord
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$909
Total Square Footage:3,902 SF
Transaction Type:Sale

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
Femion Mezini
6 deals$18.7M volume
BROKER
Michael (Mike) Lord
Capital Realty Group
Michael Lord
3 deals$5.9M volume(508) 395-8333
BROKER

Details

SOLD
IMAGE: Femion Mezini & Michael Lord DATE: 12/01/2023 ADDRESS: 322 Brookline Street MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER'S REP: Femion Mezini - Buyers Brokers Only SELLER'S REP: Michael Lord - Capital Realty Group SALE PRICE: $3,550,000 SF: 3,902 ~ PPSF: $910 NOTE: A multifamily property at 322 Brookline Street was recently sold for $3,550,000. The transaction was facilitated by Femion Mezini of Buyers Brokers Only representing the buyer and Michael Lord of Capital Realty Group representing the seller.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,612.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,828.81
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