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RE/MAX Destiny's Lisa Johnson Brokers $2.88M Multifamily Sale In Cambridge, MA

Property Image
SOLD
$2,875,000

Massachusetts

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MultiFamily4,416 SF
Sold 11/09/2021
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Property Image
SOLD

RE/MAX Destiny's Lisa Johnson Brokers $2.88M Multifamily Sale In Cambridge, MA

42 Dana St, Cambridge, Massachusetts, USA

See Similar Deals
MultiFamily4,416 SF
Sold 11/09/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$651
Total Square Footage:4,416 SF
Transaction Type:Sale

The multifamily property located at 42 Dana St in Cambridge, MA has been sold for a total price of $2,875,000. The property spans 4,416 square feet, resulting in a price per square foot of $651.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,875,000
  • Square Footage: 4,416
  • Price per Square Foot: $651
  • Address: 42 Dana St, Cambridge, MA
  • Market: Cambridge, MA

The buyer's representative in this transaction was Lisa Johnson from RE/MAX Destiny, while the seller's representative was William Senne from Senné.

Players

Lisa Johnson
3 deals$7.2M volume
BROKER

William Senne
Senné
12 deals$38.5M volume
BROKER

Details

SOLD
IMAGE: Lisa Johnson DATE: 11/09/2021 ADDRESS: 42 Dana St MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER'S REP: Lisa Johnson - RE/MAX Destiny SELLER'S REP: William Senne - Senné SALE PRICE: $2,875,000 SF: 4,416 ~ PPSF: $651

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

$153,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,214.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,628.97
Annual Debt Service$163,547.60