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33 Pemberton Street, Cambri...

SellBoston Team Acquires Multifamily Property In Cambridge, MA For $1.9M
SOLDMultiFamily

SellBoston Team Acquires Multifamily Property In Cambridge, MA For $1.9M

33 Pemberton Street, Cambridge, MA, USA

$1,900,000

$449/SF

Building Size

4,227 SF

Asset Type

MultiFamily

Closing

Jan 25, 2021

AI

Located at 33 Pemberton Street in Cambridge, MA, this multifamily property recently changed hands in a sale transaction. The property consists of three units, offering a total of 4,227 square feet of living space. The sale price for this property was $1,900,000, resulting in an average price per square foot of $449.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Address: 33 Pemberton Street, Cambridge, MA
  • Units: 3
  • Total Square Footage: 4,227
  • Price per Square Foot: $449

In this transaction, Christopher Griffin from Griffin Properties represented the seller, while the buyer was represented by the SellBoston Team from SellBoston.

Players

Christopher Griffin

Griffin Properties

Broker

$5.3M

vol

3 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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93