facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

47-49 Rice Street, Cambridg...

Updated Sep 5, 2024

47-49 Rice St Multifamily In Cambridge, MA Sold For $2.05M With Buyer's Rep Wangni Tian & Seller's Rep Lorna Helms
SOLDMultiFamily

47-49 Rice St Multifamily In Cambridge, MA Sold For $2.05M With Buyer's Rep Wangni Tian & Seller's Rep Lorna Helms

47-49 Rice Street, Cambridge, Massachusetts 02140, United States

$2,050,000

$553/SF

Building Size

3,705 SF

Asset Type

MultiFamily

Closing

Mar 31, 2022

About this deal

AI

A multifamily property located at 47-49 Rice St in Cambridge, MA has been sold for a total price of $2,050,000. The property spans over 3,705 square feet, resulting in a price per square foot of $553. The sale took place on 04/01/2022 and was facilitated by Lorna Helms from Keller Williams Realty Boston Northwest, representing the seller, and Wangni Tian from Sweet Home Realty, representing the buyer.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,050,000
  • Date: 04/01/2022
  • Address: 47-49 Rice St
  • Market: Cambridge, MA
  • Square Feet: 3,705
  • Price per Square Foot: $553
  • Seller's Representative: Lorna Helms - Keller Williams Realty Boston Northwest
  • Buyer's Representative: Wangni Tian - Sweet Home Realty

The sale involved Lorna Helms from Keller Williams Realty Boston Northwest as the seller's representative, and Wangni Tian from Sweet Home Realty as the buyer's representative. This transaction highlights the active participation of these individuals in the deal, showcasing their expertise in the real estate market and their ability to negotiate successful transactions.

Players

Wangni Tian

Broker

$4.9M

vol

3 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $553 per square foot on a published $2.1M for 3,705 square feet (2022).

Visit Wangni Tian to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets