Mario Massimino Team - Compass Acquires Multifamily Property In Cambridge, MA For $2.85M
SOLD
$2,850,000
Massachusetts
See Similar DealsMultiFamily7,454 SF
Sold 08/09/2022
SOLD
Mario Massimino Team - Compass Acquires Multifamily Property In Cambridge, MA For $2.85M
347-349 Broadway, Cambridge, Massachusetts 02139, United States
See Similar DealsMultiFamily7,454 SF
Sold 08/09/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$382
Total Square Footage:7,454 SF
Transaction Type:Sale
The multifamily property located at 347-349 Broadway in Cambridge, MA has been sold for $2,850,000. The property spans across 7,454 square feet, resulting in a price per square foot of $382.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Date: 08/09/2022
- Address: 347-349 Broadway
- Market: Cambridge, MA
The buyer's representative in this transaction was the Mario Massimino Team from Compass, while the seller's representative was Matt Gorman from Edge Realty Advisors, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
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