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57 Kirkland Street

Sihong Chen & Shane Marrion Facilitate $2.06M Multifamily Sale In Cambridge MA
SOLDMultiFamily

Sihong Chen & Shane Marrion Facilitate $2.06M Multifamily Sale In Cambridge MA

57 Kirkland Street

$2,058,000

$709/SF

Building Size

2,900 SF

Asset Type

MultiFamily

Closing

Jun 12, 2024

AI

A 2-family brick property at 57 Kirkland St, Cambridge, MA sold for $2.06 million, featuring 4 beds, 2.5 baths, and 2,900 sq ft of living space. Located near Harvard University, it offers fireplaces, hardwood floors, and a two-car tandem driveway, with potential for attic and basement expansion.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,058,000
  • SF: 2,900
  • PPSF: $710
  • Address: 57 Kirkland Street
  • Market: Cambridge, MA

The buyer's representative for the deal was Sihong Chen from Blue Ocean Realty, while the seller's representative was Shane Marrion from Benoit Real Estate Group.

Players

Shane Marrion

Benoit Real Estate Group

Broker

$6.8M

vol

5 deals

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

7.71%

Cash-on-Cash

-2.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93