Dreamhouse Team And Terry McCarthy Facilitate $2.005M Multifamily Sale In Cambridge
66 Sixth Street & 64 Sixth Street
$2,005,000
$238/SF
Building Size
8,410 SF
Asset Type
MultiFamily
Closing
Apr 23, 2024
AI
This 3-family home at 64-66 Sixth St in Cambridge sold for $2,005,000, offering 8 beds, 3 baths, and 4,205 sq ft of living space. With updates and a prime location near Kendall Square, it's ideal for both homeowners and investors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,005,000
- Units: 3
- Price Per Unit: $668,333
- Square Footage: 4,205
- Price Per Square Foot: $477
- Address: 64-66 Sixth Street
- Market: Cambridge, MA
- Buyer's Rep: Dreamhouse Team - Phoenix Real Estate Group
- Seller's Rep: Terry McCarthy - Coldwell Banker
This transaction was facilitated by Dreamhouse Team from Phoenix Real Estate Group representing the buyer and Terry McCarthy from Coldwell Banker representing the seller. Both parties played crucial roles in ensuring the successful sale of this multifamily property in Cambridge, MA.
Players
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.91%
Cash-on-Cash
-2.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93