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

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SOLD
$1,625,000

Massachusetts

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MultiFamily2,386 SF
Sold 11/29/2023
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Property Image
SOLD

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

57 Hovey Avenue

See Similar Deals
MultiFamily2,386 SF
Sold 11/29/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$681
Total Square Footage:2,386 SF
Transaction Type:Sale

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
1 deal$1.6M volume(617) 688-8800
BROKER

Dan Botwinik
Cougar Capital Management
3 deals$12.1M volume(617) 649-6948
BROKER

Details

SOLD
IMAGE: Brian Kenneally & Dan Botwinik DATE: 11/29/2023 ADDRESS: 57 Hovey Avenue MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER'S REP: Dan Botwinik SELLER'S REP: Brian Kenneally (@Brian.Kenneally) - Keller Williams Realty - Chestnut Hill (@KWChestnuthill) SALE PRICE: $1,625,000 SF: 2,386 ~ PPSF: $681 NOTE: 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.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,773.29
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