Updated Dec 4, 2024
Lisa Petrini Bell & Paul Griffin Of Compass Facilitate $2M Multifamily Sale In Cambridge
521 Green Street
$2,000,000
$694/SF
Building Size
2,879 SF
Asset Type
MultiFamily
Closing
Apr 18, 2024
About this deal
AI
A well-maintained Three-Family property located in an ideal neighborhood between Harvard Square and Central Square in Cambridge, MA, sold for $2,000,000. The property consists of 3 units with a total square footage of 2,879. It was purchased at a price per unit of $666,667 and a price per square foot of $695.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 521 Green Street
- Market: Cambridge, MA
- Buyer's Rep: Lisa Petrini Bell & Paul Griffin - Compass
The deal was facilitated by Lisa Petrini Bell and Paul Griffin from Compass, who represented the buyer in this transaction.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93