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Coldwell Banker Realty Acquires Multifamily Property On Blakeslee Street For $3.115M

Property Image
SOLD
$3,115,000

Massachusetts

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MultiFamily4,338 SF
Sold 06/07/2023
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Property Image
SOLD

Coldwell Banker Realty Acquires Multifamily Property On Blakeslee Street For $3.115M

35 Blakeslee St Cambridge, MA 02138, USA

See Similar Deals
MultiFamily4,338 SF
Sold 06/07/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$718
Total Square Footage:4,338 SF
Transaction Type:Sale

A multifamily property located at 35 Blakeslee Street in Cambridge, Massachusetts, was sold for $3.115 million. The transaction involved a 4,338 square-foot space with a price per square foot of $718.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,115,000
  • Address: 35 Blakeslee Street
  • Market: Cambridge, MA

The buyer's representative in the deal was Bill Aibel from Coldwell Banker Realty - Cambridge, and the seller's representative was John Petrowsky from COMPASS.

Players

John Petrowsky
5 deals$12.3M volume
BROKER

Bill Aibel
Coldwell Banker
2 deals$5.6M volume(617) 840-6351
BROKER

Details

SOLD
IMAGE: Bill Aibel & John Petrowsky DATE: 06/07/2023 ADDRESS: 35 Blakeslee Street MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER'S REP: Bill Aibel (@FinCity1)- Coldwell Banker Realty - Cambridge (@CBRealtyNE) SELLER'S REP: John Petrowsky - COMPASS (@Compass) (@CompassNewEngland) SALE PRICE: $3,115,000 SF: 4,338 ~ PPSF: $718 NOTE: A multifamily property located at 35 Blakeslee Street in Cambridge, Massachusetts, was sold for $3.115 million. The transaction, facilitated by buyer's representative Bill Aibel of Coldwell Banker Realty - Cambridge and seller's representative John Petrowsky of COMPASS, involved a 4,338 square-foot space with a price per square foot of $718.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,066.94
Cash-on-Cash Return-1.27%
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