Mario Massimino Team Acquires Multifamily Property In Cambridge, MA For $2.25M
SOLD
$2,250,000
Massachusetts
See Similar DealsMultiFamily4,290 SF
Sold 01/21/2022
SOLD
Mario Massimino Team Acquires Multifamily Property In Cambridge, MA For $2.25M
6 Marie Avenue, Cambridge, Massachusetts 02139, United States
See Similar DealsMultiFamily4,290 SF
Sold 01/21/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$524
Total Square Footage:4,290 SF
Transaction Type:Sale
The multifamily property located at 6 Marie Ave in Cambridge, MA has been sold for a total price of $2,250,000. The property spans a total of 4,290 square feet, resulting in a price per square foot of $524.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Square Footage: 4,290
- Price per Square Foot: $524
- Address: 6 Marie Ave, Cambridge, MA
- Market: Cambridge, MA
The buyer of the property was represented by the Mario Massimino Team from Douglas Elliman Real Estate, while the seller was represented by John Lowenstein from Red Line Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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