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61 Museum Street

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

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

61 Museum Street

$2,100,000

$959/SF

Building Size

2,188 SF

Asset Type

MultiFamily

Closing

Apr 12, 2024

AI

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

Coldwell Banker

Broker

$39.8M

vol

12 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93