Updated Sep 5, 2024
Multifamily At 55 Mount Pleasant St, Cambridge, MA Sells For $2.4M
55 Mt Pleasant St Cambridge, MA 02140, USA
$2,425,000
$815/SF
Building Size
2,975 SF
Asset Type
MultiFamily
Closing
Jun 15, 2023
About this deal
AI
A multifamily property located at 55 Mount Pleasant Street in Cambridge, MA has been sold for a price of $2,425,000. The property spans a total of 2,975 square feet, resulting in a price per square foot of $815. This sale took place on June 15, 2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,425,000
- Address: 55 Mount Pleasant Street
- Market: Cambridge, MA
The sale of this 2,975-square-foot multifamily property at 55 Mount Pleasant Street in Cambridge, MA was facilitated by the brokerage team at Compass, consisting of Patti Brainard, Maggie Currier, Spence Lane, and Chris Young.
On the Map
$2,425,000
$815/SF
MultiFamily
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Players
Boston 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
6.54%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93