Updated Dec 19, 2023
RE/MAX Destiny Represents Sale Of Multifamily Property In Cambridge, MA For $1.92M
65-67 Banks St, Cambridge, Massachusetts, USA
$1,920,000
$854/SF
Building Size
2,246 SF
Asset Type
MultiFamily
Closing
Jun 18, 2020
About this deal
AI
Located at 65-67 Banks St in Cambridge, MA, this multifamily property was sold on June 18, 2021. The sale was facilitated by David Lilley of RE/MAX Destiny.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,920,000
- Square Footage: 2,246
- Price per Square Foot: $855
- Address: 65-67 Banks St, Cambridge, MA
- Market: Cambridge, MA
David Lilley of RE/MAX Destiny played a crucial role in representing the parties involved in this transaction. His expertise and negotiation skills contributed to the successful sale of this multifamily property in Cambridge.
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
8.26%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93