Maggie Gold Seelig, Charles Cherney & Maggie Dee Facilitate $1.49M Sale Of Cambridge Multifamily
4 Griswold Street
$1,495,000
$607/SF
Building Size
2,460 SF
Asset Type
MultiFamily
Closing
Apr 5, 2024
AI
A two-family home located in the Cambridge Highlands neighborhood at 4 Griswold Street was recently sold for $1,495,000. The property offers a 2-bed, 1-bath residence on the first floor, along with a spacious 3-bed, 1-bath unit on the second floor. With a size of 2,460 square feet, the sale price equates to a price per square foot of $608.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,495,000
- Address: 4 Griswold Street
- Market: Cambridge, MA
- Buyer's Rep: Maggie Gold Seelig - Mgs Group Real Estate
- Seller's Rep: Charles Cherney & Maggie Dee - Compass
The sale of the property was facilitated with Maggie Gold Seelig representing the buyer through Mgs Group Real Estate, while Charles Cherney and Maggie Dee of Compass acted as the seller's representatives in this transaction.
Players
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
10.61%
Cash-on-Cash
-3.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93