Compass Brokers Sell Cambridge Multifamily Property For $2.63M
6-8 Longfellow Rd, Cambridge, Massachusetts, USA
$2,625,000
$870/SF
Building Size
3,017 SF
Asset Type
MultiFamily
Closing
Jul 9, 2020
AI
6-8 Longfellow Rd, a multifamily property in Cambridge, MA, was recently sold for $2,625,000. The property has a total square footage of 3,017, resulting in a price per square foot of $870.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,625,000
- Address: 6-8 Longfellow Rd, Cambridge, MA
- Market: Cambridge, MA
- Brokers: The Petrowsky Jones Group & Charles Cherney - Compass
The sale was facilitated by The Petrowsky Jones Group and Charles Cherney from Compass. They represented the buyer and seller in this transaction.
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
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93