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6 Sargent Street, Cambridge...

LAER Realty Partners Acquires Multifamily Property In Cambridge, MA For $1.55M
SOLDMultiFamily

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

Holly Donaldson

Coldwell Banker

Broker

$2.8M

vol

2 deals

Broker

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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93