Popular Properties Realty,Inc Acquires Multifamily Property In Cambridge, MA For $3.8M
SOLD
$3,825,000
Massachusetts
See Similar DealsMultiFamily6,808 SF
Sold 02/17/2021
SOLD
Popular Properties Realty,Inc Acquires Multifamily Property In Cambridge, MA For $3.8M
54 Bay State Road, Cambridge, MA, USA
See Similar DealsMultiFamily6,808 SF
Sold 02/17/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$561
Total Square Footage:6,808 SF
Transaction Type:Sale
A multifamily property located at 54 Bay State Road in Cambridge, MA has been sold for a total of $3,825,000. The property spans across 6,808 square feet, resulting in a price per square foot of $562. This transaction took place on February 17, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,825,000
- Address: 54 Bay State Road
- Market: Cambridge, MA
- Size: 6,808 square feet
- Price per Square Foot: $562
The sale of this property was facilitated by Benjamin Bern of Popular Properties Realty, Inc. as the broker representing the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$204,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,589.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,132.45
Annual Debt Service$217,589.42
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