Updated Dec 4, 2024
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
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93