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
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
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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93