Updated Sep 9, 2024
Cushman & Wakefield Sells MultiFamily Asset In Cambridge, MA For $4.25M
5 Phillips Pl Cambridge, MA 02138, USA
$4,250,000
$535/SF
Building Size
7,930 SF
Asset Type
MultiFamily
Closing
Aug 31, 2023
About this deal
AI
A multi-family property located at 5 Phillips Place in Cambridge, MA, was sold for $4.25 million. The property has a total square footage of 7,930, resulting in a per-square-foot price of $536.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $4,250,000
- SF: 7,930
- PPSF: $536
- Address: 5 Phillips Place, Cambridge, MA
- Market: Cambridge, MA
The sale was brokered by Christopher Sower from Cushman & Wakefield.
The multifamily sale at 5 Phillips Pl Cambridge, MA 02138, USA in Cambridge, Massachusetts sold for $4.3M in 2023. The building is 7,930 square feet, implying about 535 per square foot on the published price. Christopher Sower, Cushman & Wakefield appear on the sale alongside Cushman & Wakefield. This page is the Cambridge, Massachusetts file for the 5 Phillips Pl Cambridge, MA 02138, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Cambridge sit in the Market section below. Filter that Cambridge multifamily set by closing date to see what else sold near 5 Phillips Pl Cambridge, MA 02138, USA around 2023. Published consideration for 5 Phillips Pl Cambridge, MA 02138, USA is $4.3M, dated 2023. Cite this Cushman & Wakefield Sells MultiFamily Asset In Cambridge, MA For $4.25M sale when underwriting similar multifamily product around Cambridge, Massachusetts.
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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93