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
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