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401 Norfolk Street

Updated Dec 4, 2024

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

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

About this deal

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.

On the Map

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$1,550,000

$661/SF

MultiFamily

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Players

Gina Brennan

C. Brendan Noonan & Company

Broker

$2.6M

vol

2 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $661 per square foot on a published $1.6M for 2,345 square feet (2024).

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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

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