Compass Acquires Multifamily Property In Cambridge, MA For $1.95M
68 Lamont Avenue, Cambridge, Massachusetts 02138, United States
$1,950,000
$838/SF
Building Size
2,325 SF
Asset Type
MultiFamily
Closing
Jan 6, 2022
AI
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
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93