Updated Sep 9, 2024
Senné Acquires Multifamily Property In Cambridge, MA For $2.28M
339 Allston Street, Cambridge, Massachusetts 02139, United States
$2,280,000
$558/SF
Building Size
4,086 SF
Asset Type
MultiFamily
Closing
Jul 17, 2022
About this deal
AI
Located at 339 Allston St in Cambridge, MA, this multifamily property was recently sold in a closed transaction. The sale took place on 07/18/2022, with William Senne representing the buyer and Ben Lin representing the seller through their respective agencies, Senné and In REM Real Estate P.C. The property spans approximately 4,086 square feet and was sold for a total price of $2,280,000, equating to a price per square foot of $558.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,280,000
- Address: 339 Allston St, Cambridge, MA
- Market: Cambridge, MA
- Buyer's Representative: William Senne - Senné
- Seller's Representative: Ben Lin - In REM Real Estate P.C.
- Total Square Footage: 4,086
- Price per Square Foot: $558
- Date of Sale: 07/18/2022
The involvement of William Senne from Senné and Ben Lin from In REM Real Estate P.C. showcased the expertise and negotiation skills of these professionals. Both parties worked diligently to close the transaction successfully, demonstrating their knowledge of the local market and understanding of the multifamily asset class.
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
6.96%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93