Updated Dec 21, 2023
Berkshire Hathaway Homeservices Acquires Multifamily Property In Cambridge, MA For $1.82M
33 Webster Avenue, Cambridge, MA, USA
$1,820,000
$788/SF
Building Size
2,307 SF
Asset Type
MultiFamily
Closing
Jun 30, 2020
About this deal
AI
Located in Cambridge, MA, the property at 33 & 35 Webster Ave has recently been sold in a closed transaction. This multifamily asset offers a total of 2,307 square feet of space. The sale took place on 06/30/2021, with a final selling price of $1,820,000. The price per square foot for this property is approximately $789.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,820,000
- Address: 33 & 35 Webster Ave, Cambridge, MA
- Market: Cambridge, MA
Representing the seller in this transaction was Stephen O Loughlin from Realty Executives. On the other hand, The LIV Group, affiliated with Berkshire Hathaway Homeservices Commonwealth Real Estate, acted as the buyer's representative. Overall, this deal showcases the involvement of experienced professionals in the real estate industry.
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
8.72%
Cash-on-Cash
-2.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93