Barbara Currier Facilitates $1.3M Sale Of Multifamily Property On Suffolk St, Cambridge
SOLD
$1,300,000
Massachusetts
See Similar DealsMultiFamily2,613 SF
Sold 09/20/2021
SOLD
Barbara Currier Facilitates $1.3M Sale Of Multifamily Property On Suffolk St, Cambridge
24 Suffolk St, Cambridge, Massachusetts, USA
See Similar DealsMultiFamily2,613 SF
Sold 09/20/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$497
Total Square Footage:2,613 SF
Transaction Type:Sale
A multifamily property located at 24 Suffolk St in Cambridge, MA has been sold for a total price of $1,300,000. The property spans 2,613 square feet, resulting in a price per square foot of $498. The sale took place on September 20, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 24 Suffolk St, Cambridge, MA
- Market: Cambridge, MA
- BROKER: Barbara Currier - Coldwell Banker Realty - Cambridge
Barbara Currier, from Coldwell Banker Realty - Cambridge, represented the parties involved in the transaction. She played a crucial role in facilitating the sale of the multifamily property at 24 Suffolk St.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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