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44 Russell Street

Compass Brokers Facilitate Cambridge Multifamily Sale At 44 Russell Street For $3.11M
SOLDMultiFamily

Compass Brokers Facilitate Cambridge Multifamily Sale At 44 Russell Street For $3.11M

44 Russell Street

$3,115,000

$911/SF

Building Size

3,419 SF

Asset Type

MultiFamily

Closing

Apr 29, 2024

AI

44 Russell Street is a multifamily property located in Cambridge, MA, which was recently sold for $3,115,000. The property spans 3,419 square feet with a price per square foot of $911. Maggie Currier, Spencer Lane, and Chris Young from Compass facilitated the sale of this asset.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,115,000
  • Address: 44 Russell Street
  • Market: Cambridge, MA
  • Brokers: Maggie Currier, Spencer Lane & Chris Young - Compass

The involvement of Maggie Currier, Spencer Lane, and Chris Young from Compass highlights the collaborative effort behind the successful sale of 44 Russell Street. Their expertise in the real estate market of Cambridge, MA, played a crucial role in finalizing this transaction.

Players

Chris Young

Compass

Broker

$21.5M

vol

29 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.09%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93