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60 Martin Street, Cambridge...

Broadway Realty Partners Acquires Multifamily Property In Cambridge, MA For $2.3M
SOLDMultiFamily

Broadway Realty Partners Acquires Multifamily Property In Cambridge, MA For $2.3M

60 Martin Street, Cambridge, Massachusetts 02138, United States

$2,300,000

$581/SF

Building Size

3,954 SF

Asset Type

MultiFamily

Closing

Jul 4, 2022

AI

A multifamily property located at 60 Martin St in Cambridge, MA has been sold for $2,300,000. The property spans 3,954 square feet, resulting in a price per square foot of $582.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Address: 60 Martin St
  • Market: Cambridge, MA
  • Buyer's Representative: Mahmood Firouzbakht - Broadway Realty Partners, Llc
  • Seller's Representative: Bigelow/ Irving - Compass

The buyer of the property was represented by Mahmood Firouzbakht of Broadway Realty Partners, Llc, while the seller was represented by Bigelow/ Irving of Compass.

Players

John Bigelow

Compass

Broker

$4.3M

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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93