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Multifamily At 55 Mount Pleasant St, Cambridge, MA Sells For $2.4M

Property Image
SOLD
$2,425,000
Spencer Lane
Maggie Currier
+ 1

Massachusetts

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MultiFamily2,975 SF
Sold 06/15/2023
the dealplayerscompscontact
Property Image
SOLD

Multifamily At 55 Mount Pleasant St, Cambridge, MA Sells For $2.4M

55 Mt Pleasant St Cambridge, MA 02140, USA

See Similar Deals
MultiFamily2,975 SF
Sold 06/15/2023
Spencer Lane
Maggie Currier
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$815
Total Square Footage:2,975 SF
Transaction Type:Sale

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.

Players

Chris Young
29 deals$21.5M volume
BROKER

Maggie Currier
Compass
11 deals$21.5M volume
BROKER

Spencer Lane
Compass
11 deals$21.5M volume
BROKER

Patti Brainard
Compass
4 deals$6.6M volume
BROKER

Details

SOLD
IMAGE: Patti Brainard, Maggie Currier & Chris Young DATE: 06/15/2023 ADDRESS: 55 Mount Pleasant Street MARKET: Cambridge, MA ASSET TYPE: Multifamily BROKERS: Patti Brainard (@TeamPattiBrainard), Maggie Currier, Spence Lane & Chris Young - Compass (@Compass) (@CompassNewEngland) SALE PRICE: $2,425,000 SF: 2,975 ~ PPSF: $815 NOTE: A 2,975-square-foot multifamily property at 55 Mount Pleasant Street in Cambridge, MA sold for $2,425,000 on June 15, 2023.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$129,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,615.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,495.74
Annual Debt Service$137,948.85