Douglas Elliman Real Estate Represents Buyer In $1.5M Multifamily Sale In Cambridge, MA
SOLD
$1,500,000
Massachusetts
See Similar DealsMultiFamily2,917 SF
Sold 10/26/2021
SOLD
Douglas Elliman Real Estate Represents Buyer In $1.5M Multifamily Sale In Cambridge, MA
462 Cambridge Street, Cambridge, MA, USA
See Similar DealsMultiFamily2,917 SF
Sold 10/26/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$514
Total Square Footage:2,917 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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