Updated Dec 4, 2024
Cushman & Wakefield Sells Multifamily Property In Cambridge, MA For $2.3M
34 Wendell Street
$2,300,000
$580/SF
Building Size
3,960 SF
Asset Type
MultiFamily
Closing
Sep 29, 2023
About this deal
AI
A multifamily property located at 34 Wendell Street in Cambridge, MA, has been sold for a price of $2,300,000. The property spans a total square footage of 3,960, resulting in a price per square foot of $581. This successful transaction was facilitated by broker Christopher Sower of Cushman & Wakefield.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Address: 34 Wendell Street, Cambridge, MA
- Market: Cambridge, MA
- Square Footage: 3,960
- Price per Square Foot: $581
- Broker: Christopher Sower - Cushman & Wakefield
This sale showcases the successful transaction of a multifamily property located at 34 Wendell Street in Cambridge, MA. The involved parties, including broker Christopher Sower of Cushman & Wakefield, played a crucial role in facilitating the deal.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93