Mario Massimino Team Acquires Multifamily Property In Cambridge, MA For $2.25M
6 Marie Avenue, Cambridge, Massachusetts 02139, United States
$2,250,000
$524/SF
Building Size
4,290 SF
Asset Type
MultiFamily
Closing
Jan 20, 2022
AI
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.
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93