Updated Dec 21, 2023
Gary Vrotsos Team Acquires Multifamily Property In Cambridge, MA For $1.5M
6 Leonard Avenue, Cambridge, Massachusetts 02139, United States
$1,500,000
$471/SF
Building Size
3,179 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
A multifamily property located at 6 Leonard Ave in Cambridge, MA, was recently sold for $1,500,000. The property spans across 3,179 square feet, resulting in a price per square foot (PPSF) of $472. The sale took place on December 15, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
The sale was facilitated by the Gary Vrotsos Team from Coldwell Banker Realty in Cambridge. They acted as the broker for this transaction.
The multifamily sale at 6 Leonard Avenue, Cambridge, Massachusetts 02139, United States in Cambridge, Massachusetts sold for $1.5M in 2021. The building is 3,179 square feet, implying about 471 per square foot on the published price. Gary S. Vrotsos, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the Cambridge, Massachusetts file for the 6 Leonard Avenue, Cambridge, Massachusetts 02139, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Cambridge sit in the Market section below. Filter that Cambridge multifamily set by closing date to see what else sold near 6 Leonard Avenue, Cambridge, Massachusetts 02139, United States around 2021. Published consideration for 6 Leonard Avenue, Cambridge, Massachusetts 02139, United States is $1.5M, dated 2021. Cite this Gary Vrotsos Team Acquires Multifamily Property In Cambridge, MA For $1.5M sale when underwriting similar multifamily product around Cambridge, Massachusetts.
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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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93