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Santana Team & Gina Brennan Broker Sale Of MultiFamily In Cambridge For $1.55M

Property Image
SOLD
$1,550,000

Massachusetts

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MultiFamily2,345 SF
Sold 06/03/2024
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Property Image
SOLD

Santana Team & Gina Brennan Broker Sale Of MultiFamily In Cambridge For $1.55M

401 Norfolk Street

See Similar Deals
MultiFamily2,345 SF
Sold 06/03/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$661
Total Square Footage:2,345 SF
Transaction Type:Sale

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.

Players

Gina Brennan
2 deals$2.6M volume
BROKER

Details

SOLD
IMAGE: Gina Brennan DATE: 06/03/2024 ADDRESS: 401 Norfolk Street MARKET: Cambridge, MA ASSET TYPE: MultiFamily BUYER'S REP: Santana Team - Keller Williams Realty (@KellerWilliamsRealty) SELLER'S REP: Gina Brennan - C. Brendan Noonan & Company SALE PRICE: $1,550,000 UNITS: 2 ~ PPU: $775,000 SF: 2,345 ~ PPSF: $661 NOTE: 401 Norfolk St in Cambridge, MA 02139 sold for $1,550,000, offering a rare opportunity in vibrant Inman Square. This two-family residence, featuring 5 beds, 2 baths, and 2,345 sq ft, presents an ideal investment property or owner-user option with updated amenities and close proximity to local amenities and public transportation options.

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

$82,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49