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40 Royal Avenue

Cambridge Multifamily Property Sold For $2.45M With Buyer's Rep Scott Zink & Seller's Rep Ed Feijo And Gail Roberts
SOLDMultiFamily

Cambridge Multifamily Property Sold For $2.45M With Buyer's Rep Scott Zink & Seller's Rep Ed Feijo And Gail Roberts

40 Royal Avenue

$2,450,000

$770/SF

Building Size

3,182 SF

Asset Type

MultiFamily

Closing

Oct 12, 2023

AI

A multifamily property located at 40 Royal Avenue in Cambridge, Massachusetts, was sold for a sale price of $2,450,000. The property spans a total of 3,182 square feet, resulting in a price per square foot of $770.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,450,000
  • Address: 40 Royal Avenue
  • Market: Cambridge, MA

The buyer, represented by Scott Zink from ZRE, LLC, acquired the property. On the other side, the seller was represented by Ed Feijo and Gail Roberts from Coldwell Banker Realty - Cambridge.

Note: The sale of the multifamily property at 40 Royal Avenue in Cambridge, Massachusetts, was facilitated by Scott Zink from ZRE, LLC, representing the buyer, and Ed Feijo and Gail Roberts from Coldwell Banker Realty - Cambridge, representing the seller.

Players

Gail Roberts

Coldwell Banker

Broker

$39.8M

vol

12 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93