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34 Wendell Street

Updated Dec 4, 2024

Cushman & Wakefield Sells Multifamily Property In Cambridge, MA For $2.3M
SOLDMultiFamily

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

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.

Players

Christopher Sower

Cushman & Wakefield

Broker

$1B

vol

79 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $580 per square foot on a published $2.3M for 3,960 square feet (2023).

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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

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