Updated Dec 19, 2023
Steve Bremis Realty Group Sells Multifamily Property On Cambridge St, Cambridge For $4.1M
359 Cambridge Street, Cambridge, Massachusetts 02141, United States
$4,075,000
$498/SF
Building Size
8,183 SF
Asset Type
MultiFamily
Closing
May 31, 2022
About this deal
AI
The multifamily property located at 359 Cambridge St in Cambridge, MA has been sold for a total price of $4,075,000. The transaction took place on 06/01/2022. The property spans a total area of 8,183 square feet, resulting in a price per square foot of $498.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $4,075,000
- Date: 06/01/2022
- Address: 359 Cambridge St, Cambridge, MA
- Market: Cambridge, MA
The buyer in this transaction was represented by Amy Gworek from William Raveis R.E. & Home Services, while the seller was represented by The Steve Bremis Team from Steve Bremis Realty Group. The involvement of these individuals and companies played a key role in facilitating the sale of the multifamily property.
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
3.89%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93