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
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