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
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