Gail Roberts & Ed Feijo Sell Multifamily Property In Cambridge, MA For $2.16M
SOLD
$2,160,000
Massachusetts
See Similar DealsMultiFamily3,198 SF
Sold 08/31/2022
SOLD
Gail Roberts & Ed Feijo Sell Multifamily Property In Cambridge, MA For $2.16M
415 Broadway, Cambridge, Massachusetts 02138, United States
See Similar DealsMultiFamily3,198 SF
Sold 08/31/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$675
Total Square Footage:3,198 SF
Transaction Type:Sale
The multifamily property located at 415 Broadway in Cambridge, MA was recently sold for a total price of $2,160,000. The property spans approximately 3,198 square feet, resulting in a price per square foot of $675. The transaction took place on August 31, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,160,000
- Address: 415 Broadway, Cambridge, MA
- Market: Cambridge, MA
The buyer was represented by Currier, Lane & Young from Compass, while the seller was represented by Gail Roberts, Ed Feijo & Team from Coldwell Banker Realty.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,674.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,239.50
Annual Debt Service$122,874.02
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