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6 Eighth Street

Barbara Currier Of Coldwell Banker Represents Buyer In Cambridge Multifamily Sale For $1.49M
SOLDMultiFamily

Barbara Currier Of Coldwell Banker Represents Buyer In Cambridge Multifamily Sale For $1.49M

6 Eighth Street

$1,490,000

$603/SF

Building Size

2,468 SF

Asset Type

MultiFamily

Closing

Aug 21, 2024

AI

6 Eighth Street, located in Cambridge, MA, is a multifamily asset that has been impeccably renovated and sold for $1,490,000. The property features 2 units across a total of 2,468 square feet, resulting in a price per unit of $745,000 and a price per square foot of $604. It was updated in 2018, showcasing modern kitchens, bathrooms, and common areas, and benefits from its proximity to the Charles River, MIT, and public transit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,490,000
  • Units: 2
  • Price per Unit: $745,000
  • Square Footage: 2,468
  • Price per Square Foot: $604
  • Buyer's Representative: Barbara Currier - Coldwell Banker
  • Seller's Representative: Ronald Ponte - Ponte Realty

The transaction involved Barbara Currier representing the buyer, while Ronald Ponte represented the seller in this multifamily property deal. The property was sold within the East Cambridge market, reflecting activity in a competitive area with significant amenities and accessibility.

Players

Barbara Currier

Coldwell Banker

Broker

$4M

vol

3 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

10.65%

Cash-on-Cash

-3.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93