Compass Brokers Sell Cambridge Multifamily Property For $2.63M
SOLD
$2,625,000
Massachusetts
See Similar DealsMultiFamily3,017 SF
Sold 07/09/2020
SOLD
Compass Brokers Sell Cambridge Multifamily Property For $2.63M
6-8 Longfellow Rd, Cambridge, Massachusetts, USA
See Similar DealsMultiFamily3,017 SF
Sold 07/09/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$870
Total Square Footage:3,017 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$139,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,326.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,443.84
Annual Debt Service$149,326.07
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