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
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