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Maggie Gold Seelig, Charles Cherney & Maggie Dee Facilitate $1.49M Sale Of Cambridge Multifamily

Property Image
SOLD
$1,495,000

Massachusetts

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MultiFamily2,460 SF
Sold 04/05/2024
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Property Image
SOLD

Maggie Gold Seelig, Charles Cherney & Maggie Dee Facilitate $1.49M Sale Of Cambridge Multifamily

4 Griswold Street

See Similar Deals
MultiFamily2,460 SF
Sold 04/05/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$607
Total Square Footage:2,460 SF
Transaction Type:Sale

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:

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

Charles Cherney
6 deals$9.5M volume
BROKER

Maggie Gold Seelig
Mgs Group Real Estate
7 deals$83.8M volume
BROKER

Maggie Dee
Compass
5 deals$9.4M volume
BROKER

Details

SOLD
IMAGE: Maggie Gold Seelig, Charles Cherney & Maggie Dee DATE: 04/05/2024 ADDRESS: 4 Griswold Street MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER'S REP: Maggie Gold Seelig (@Maggie_Seelig) - Mgs Group Real Estate (@MgsGroupRealEstate) SELLER'S REP: Charles Cherney (@CharlesCherney) & Maggie Dee - Compass (@Compass) SALE PRICE: $1,495,000 SF: 2,460 ~ PPSF: $608 NOTE: A two-family home in the Cambridge Highlands neighborhood, set back from Concord Avenue, sold for $1,495,000, offering a comfortable 2-bed, 1-bath residence on the first floor and a spacious 3-bed, 1-bath unit on the second floor.

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

$79,733.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,311.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,087.06
Annual Debt Service$85,044.75