Updated Dec 21, 2023
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
About this deal
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.
On the Map
$2,625,000
$870/SF
MultiFamily
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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