Updated Sep 9, 2024
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
About this deal
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.
The multifamily sale at 347-349 Broadway, Cambridge, Massachusetts 02139, United States in Cambridge, Massachusetts sold for $2.9M in 2022. The building is 7,454 square feet, implying about 382 per square foot on the published price. Matt Gorman, Edge Realty Advisors appear on the sale alongside Edge Realty Advisors. This page is the Cambridge, Massachusetts file for the 347-349 Broadway, Cambridge, Massachusetts 02139, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Cambridge sit in the Market section below. Filter that Cambridge multifamily set by closing date to see what else sold near 347-349 Broadway, Cambridge, Massachusetts 02139, United States around 2022. Published consideration for 347-349 Broadway, Cambridge, Massachusetts 02139, United States is $2.9M, dated 2022. Cite this Mario Massimino Team - Compass Acquires Multifamily Property In Cambridge, MA For $2.85M sale when underwriting similar multifamily product around Cambridge, Massachusetts.
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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