Gail Roberts Sells Multifamily Property In Cambridge, MA For $3.175M Using Coldwell Banker Realty
SOLD
$3,175,000
Massachusetts
See Similar DealsMultiFamily8,888 SF
Sold 10/03/2022
SOLD
Gail Roberts Sells Multifamily Property In Cambridge, MA For $3.175M Using Coldwell Banker Realty
47 Bay State Road, Cambridge, Massachusetts 02138, United States
See Similar DealsMultiFamily8,888 SF
Sold 10/03/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$357
Total Square Footage:8,888 SF
Transaction Type:Sale
In a recent transaction in Cambridge, MA, a multifamily property located at 47-53 Bay State Rd was sold for a total of $3,175,000. The property spans a total area of 8,888 square feet, resulting in a price per square foot of $357.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,175,000
- Address: 47-53 Bay State Rd, Cambridge, MA
- Market: Cambridge, MA
Br Brokerage, representing the buyer, and Gail Roberts from Coldwell Banker Realty - Cambridge, representing the seller, played key roles in facilitating this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$169,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,280.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,051.12
Annual Debt Service$180,613.44
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