Douglas Elliman Real Estate Represents Buyer In $1.5M Multifamily Sale In Cambridge, MA
462 Cambridge Street, Cambridge, MA, USA
$1,500,000
$514/SF
Building Size
2,917 SF
Asset Type
MultiFamily
Closing
Oct 26, 2021
AI
The multifamily property located at 462 Cambridge St in Cambridge, MA was recently sold for a price of $1,500,000. The property spans a total area of 2,917 square feet, resulting in a price per square foot of $514.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,500,000
- Square Footage: 2,917
- Price Per Square Foot: $514
- Address: 462 Cambridge St, Cambridge, MA
The buyer's representative in this transaction was Mario Massimino from Douglas Elliman Real Estate, while the seller's representative was Gary Luongo from RE/MAX Destiny.
Players
Cambridge 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93