Updated Dec 20, 2023
Esin Susol's William Raveis Real Estate Sells Multifamily Property In Cambridge, MA For $2.7M
68 -70 Lexington Ave, Boston, MA 02136, USA
$2,700,000
$752/SF
Building Size
3,589 SF
Asset Type
MultiFamily
Closing
Nov 10, 2022
About this deal
AI
A multifamily property located at 68-70 Lexington Avenue in Cambridge, MA has been sold in a recent transaction. The property consists of three units and spans a total of 3,589 square feet. The sale price for this multifamily asset was $2,700,000, resulting in a per unit price of $900,000. The price per square foot is estimated to be $752.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 3
- Price per Unit: $900,000
- Square Footage: 3,589
- Price per Square Foot: $752
- Address: 68-70 Lexington Avenue, Cambridge, MA
- Market: Cambridge, MA
Representing the buyer and seller in this transaction was Esin Susol from William Raveis Real Estate.
Players
Boston 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93