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57 Hovey Avenue

Multifamily Property In Cambridge, MA Sold For $1.63M With Buyer's Rep Dan Botwinik And Seller's Rep Brian Kenneally
SOLDMultiFamily

Multifamily Property In Cambridge, MA Sold For $1.63M With Buyer's Rep Dan Botwinik And Seller's Rep Brian Kenneally

57 Hovey Avenue

$1,625,000

$681/SF

Building Size

2,386 SF

Asset Type

MultiFamily

Closing

Nov 29, 2023

AI

A multifamily property located at 57 Hovey Avenue in Cambridge, MA, has been sold for $1,625,000. The property spans a total of 2,386 square feet, resulting in a price per square foot of $681.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,625,000
  • Square Footage: 2,386
  • Price per Square Foot: $681
  • Address: 57 Hovey Avenue, Cambridge, MA
  • Market: Cambridge, MA

The buyer of the property was represented by Dan Botwinik, while the seller was represented by Brian Kenneally from Keller Williams Realty - Chestnut Hill.

A multifamily property at 57 Hovey Avenue in Cambridge, MA, has been sold for $1,625,000, with Dan Botwinik representing the buyer and Brian Kenneally of Keller Williams Realty - Chestnut Hill representing the seller.

Players

Brian Kenneally

Keller Williams Realty

Broker

$1.6M

vol

1 deal

Broker

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

9.76%

Cash-on-Cash

-2.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93