Compass Acquires Multifamily Property In Cambridge, MA For $1.95M
SOLD
$1,950,000
Massachusetts
See Similar DealsMultiFamily2,325 SF
Sold 01/07/2022
SOLD
Compass Acquires Multifamily Property In Cambridge, MA For $1.95M
68 Lamont Avenue, Cambridge, Massachusetts 02138, United States
See Similar DealsMultiFamily2,325 SF
Sold 01/07/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$838
Total Square Footage:2,325 SF
Transaction Type:Sale
A multifamily property located at 68 Lamont Ave in Cambridge, MA has been sold for a total price of $1,950,000. The property spans 2,325 square feet, resulting in a price per square foot of $839.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Address: 68 Lamont Ave, Cambridge, MA
- Market: Cambridge, MA
The buyer's representative in this deal was Roland Rambaud from Compass, while the seller's representative was Lauren Holleran from Gibson Sotheby's International Realty.
Both the buyer and seller were represented by experienced professionals in this transaction, ensuring a smooth process for both parties involved.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94
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