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66 Sixth Street

Dreamhouse Team And Terry McCarthy Facilitate $2.005M Multifamily Sale In Cambridge
SOLDMultiFamily

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

Terry McCarthy

Coldwell Banker

Broker

$3.2M

vol

2 deals

Broker

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