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6 Lamont Avenue, Cambridge,...

Emma Guardia, Roland Rambaud & Team - Compass Acquires Multifamily Property In Cambridge, MA For $1.95M
SOLDMultiFamily

Emma Guardia, Roland Rambaud & Team - Compass Acquires Multifamily Property In Cambridge, MA For $1.95M

6 Lamont Avenue, Cambridge, Massachusetts 02138, United States

$1,950,000

$838/SF

Building Size

2,325 SF

Asset Type

MultiFamily

Closing

Jan 23, 2022

AI

The multifamily property located at 6-8 Lamont Ave in Cambridge, MA has been sold. The transaction took place on January 7, 2022. The property consists of two units with a total square footage of 2,325. The sale price for this property was $1,950,000, resulting in a price per unit of $975,000 and a price per square foot of $839.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,950,000
  • Units: 2
  • Price per Unit: $975,000
  • Square Footage: 2,325
  • Price per Square Foot: $839

Emma Guardia, Roland Rambaud, and their team from Compass were the buyers in this transaction. They were represented by Lauren Holleran Team from Gibson Sotheby's International Realty.

For more information about this property sale, please check out the Instagram post by Emma Guardia and Roland Rambaud (link).

Players

Lauren Holleran

Sotheby's International Realty

Broker

$12.2M

vol

6 deals

Broker
Compass
CompassBrokerage
Compass
CompassBuyer
Compass
CompassBuyer

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

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93