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347-349 Broadway, Cambridge...

Mario Massimino Team - Compass Acquires Multifamily Property In Cambridge, MA For $2.85M
SOLDMultiFamily

Mario Massimino Team - Compass Acquires Multifamily Property In Cambridge, MA For $2.85M

347-349 Broadway, Cambridge, Massachusetts 02139, United States

$2,850,000

$382/SF

Building Size

7,454 SF

Asset Type

MultiFamily

Closing

Aug 8, 2022

AI

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.

Players

Matt Gorman

Edge Realty Advisors

Broker

$6.5M

vol

4 deals

Broker

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

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93