Updated Dec 20, 2023
Chris Kavakian's CK Realty Group Acquires Multifamily Property In Cambridge, MA For $2.2M
61-63 Hampshire St, Cambridge, Massachusetts, USA
$2,200,000
$812/SF
Building Size
2,708 SF
Asset Type
MultiFamily
Closing
Sep 7, 2021
About this deal
AI
A multifamily property located at 61-63 Hampshire St in Cambridge, MA has been sold for $2,200,000. The property spans a total area of 2,708 square feet, resulting in a price per square foot of $812.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 61-63 Hampshire St, Cambridge, MA
- Market: Cambridge, MA
The buyer of the property was represented by Chris Kavakian from CK Realty Group LLC, while the seller was represented by Susan Kelsey from Coldwell Banker Realty - Lynnfield.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93