facebook
Traded Co logo
Submit
Daily limit: 0/10

Gail Roberts & Bell Petrini Group Facilitate $2.1M Multifamily Sale In Cambridge, MA

Property Image
SOLD
$2,100,000

Massachusetts

See Similar Deals
MultiFamily2,188 SF
Sold 04/12/2024
the dealplayerscompscontact
Property Image
SOLD

Gail Roberts & Bell Petrini Group Facilitate $2.1M Multifamily Sale In Cambridge, MA

61 Museum Street

See Similar Deals
MultiFamily2,188 SF
Sold 04/12/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$959
Total Square Footage:2,188 SF
Transaction Type:Sale

61 Museum St in Cambridge, MA is a multifamily property that recently changed hands for $2.1 million. Offering three income-generating units, the property spans 2,188 square feet and was sold at a price per unit of $700,000. Situated conveniently near Harvard Divinity School and other academic institutions, the property was well-maintained and fetched a price of $960 per square foot.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Units: 3
  • Price Per Unit: $700,000
  • Square Footage: 2,188
  • Price Per Square Foot: $960
  • Address: 61 Museum Street
  • Market: Cambridge, MA

The transaction involved Bell Petrini Group from Compass representing the buyer and Gail Roberts from Coldwell Banker - Cambridge acting as the seller's representative in the deal. Both parties played crucial roles in facilitating the successful sale of this multifamily property in the vibrant market of Cambridge, MA.

Players

Gail Roberts
12 deals$39.8M volume
BROKER

Details

SOLD
IMAGE: Gail Roberts DATE: 04/12/2024 ADDRESS: 61 Museum Street MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER'S REP: Bell Petrini Group (@BellPetriniGroup) - Compass (@Compass) SELLER'S REP: Gail Roberts (@GailRobertsRealEstate) - Coldwell Banker - Cambridge (@ColdwellBankerCambridge) SALE PRICE: $2,100,000 UNITS: 3 ~ PPU: $700,000 SF: 2,188 ~ PPSF: $960 NOTE: 61 Museum St in Cambridge, MA sold for $2.1 million, offering three income-generating units in a well-maintained property situated conveniently near Harvard Divinity School and other academic institutions.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86