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
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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93