facebook
Traded Co logo
Submit

Senné Acquires Multifamily Property In Cambridge, MA For $2.28M

Property Image
SOLD
$2,280,000

Massachusetts

See Similar Deals
MultiFamily4,086 SF
Sold 07/18/2022
the dealplayerscompscontact
Property Image
SOLD

Senné Acquires Multifamily Property In Cambridge, MA For $2.28M

339 Allston Street, Cambridge, Massachusetts 02139, United States

See Similar Deals
MultiFamily4,086 SF
Sold 07/18/2022
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$558
Total Square Footage:4,086 SF
Transaction Type:Sale

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

William Senne
12 deals$38.5M volume
BROKER

Ben Lin
1 deal$2.3M volume
BROKER

Details

SOLD
IMAGE: William Senne DATE: 07/18/2022 ADDRESS: 339 Allston St MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER'S REP: William Senne (@William.Senne) - Senné (@Senne_Co) SELLER'S REP: Ben Lin - In REM Real Estate P.C. SALE PRICE: $2,280,000 SF: 4,086 ~ PPSF: $558

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$121,600.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,100.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,808.36
Annual Debt Service$129,700.36