LAER Realty Partners Acquires Multifamily Property In Cambridge, MA For $1.55M
6 Sargent Street, Cambridge, Massachusetts, USA
$1,550,000
$578/SF
Building Size
2,679 SF
Asset Type
MultiFamily
Closing
Mar 31, 2021
AI
The multifamily property located at 6 Sargent Street in Cambridge, MA was recently sold for $1,550,000. The sale took place on April 1, 2021, and was facilitated by Hollis Donaldson from Coldwell Banker Realty - Cambridge, representing the seller, and Judith Campbell from LAER Realty Partners, representing the buyer. The property spans 2,679 square feet and was sold at an average price of $579 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Date: 04/01/2021
- Address: 6 Sargent Street, Cambridge, MA
- Market: Cambridge, MA
- Seller's Rep: Hollis Donaldson - Coldwell Banker Realty - Cambridge
- Buyer's Rep: Judith Campbell - LAER Realty Partners
- Size: 2,679 square feet
- Price per Square Foot: $579
Hollis Donaldson from Coldwell Banker Realty - Cambridge acted as the seller's representative in this transaction, while Judith Campbell from LAER Realty Partners represented the buyer. These individuals played a crucial role in the successful completion of the deal.
Players
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93