Santana Team & Gina Brennan Broker Sale Of MultiFamily In Cambridge For $1.55M
401 Norfolk Street
$1,550,000
$661/SF
Building Size
2,345 SF
Asset Type
MultiFamily
Closing
Jun 3, 2024
AI
401 Norfolk St in Cambridge, MA 02139, offering a rare opportunity in vibrant Inman Square, was recently sold for $1,550,000. This two-family residence features 5 beds, 2 baths, and 2,345 sq ft, presenting an ideal investment property or owner-user option with updated amenities and close proximity to local amenities and public transportation options.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,550,000
- Units: 2
- Price per Unit: $775,000
- Square Footage: 2,345
- Price per Square Foot: $661
- Address: 401 Norfolk Street
- Market: Cambridge, MA
The buyer's representative in this transaction was Santana Team from Keller Williams Realty, while the seller's representative was Gina Brennan from C. Brendan Noonan & Company.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93