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Coldwell Banker Realty Acquires Multifamily Property On Blakeslee Street For $3.115M
SOLD
Massachusetts
See Similar DealsMultiFamily4,338 SF
Sold 06/07/2023
SOLD
Coldwell Banker Realty Acquires Multifamily Property On Blakeslee Street For $3.115M
35 Blakeslee St Cambridge, MA 02138, USA
See Similar DealsMultiFamily4,338 SF
Sold 06/07/2023
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$166,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,066.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,766.69
Annual Debt Service$177,200.27
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