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55 Mt Pleasant St Cambridge...

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

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

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.

Players

Chris Young

Compass

Broker

$21.5M

vol

29 deals

Broker

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