facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

6-8 Sixth Street

Updated Dec 4, 2024

Apartment Rental Experts Llc Acquires 6-8 Sixth Street Multifamily In Cambridge, MA For $1.85M
SOLDMultiFamily

Apartment Rental Experts Llc Acquires 6-8 Sixth Street Multifamily In Cambridge, MA For $1.85M

6-8 Sixth Street

$1,850,000

$481/SF

Building Size

3,840 SF

Asset Type

MultiFamily

Closing

Sep 27, 2023

About this deal

AI

6-8 Sixth Street, a 3,840 SF multifamily property located in Cambridge, MA, has been sold for $1.85 million. The property has a price per square foot (PPSF) of $482.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,850,000
  • Square Footage: 3,840 SF
  • Address: 6-8 Sixth Street, Cambridge, MA
  • Market: Cambridge, MA

Derek Fraser, from Apartment Rental Experts Llc, represented the buyer in this transaction. On the other hand, Brian Raiche and Loren Lee from Cornerstone Realty Group, William Raveis Real Estate, served as the seller's representatives.

Note: Derek Fraser of Apartment Rental Experts Llc acted as the buyer's representative, while Brian Raiche and Loren Lee of Cornerstone Realty Group represented the seller.

Players

Derek Fraser

Apartment Rental Experts

Broker

$1.9M

vol

1 deal

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $481 per square foot on a published $1.9M for 3,840 square feet (2023).

Visit William Raveis Real Estate to view all their deals.

Browse Cambridge multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets