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
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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