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
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