Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,058,000
$709/SF
MultiFamily
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Cambridge MultiFamily Market Snapshot
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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