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6-8 Longfellow Rd, Cambridg...

Compass Brokers Sell Cambridge Multifamily Property For $2.63M
SOLDMultiFamily

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

Charles Cherney

Compass

Broker

$9.5M

vol

6 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

6.04%

Cash-on-Cash

-1.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93