Updated Dec 19, 2023
Leading Edge Real Estate Facilitates $1.32M Sale Of Multifamily Property In Cambridge, MA
7-9 Harrison Avenue, Cambridge, Massachusetts, USA
$1,320,000
$499/SF
Building Size
2,644 SF
Asset Type
MultiFamily
Closing
Mar 18, 2021
About this deal
AI
Located at 7-9 Harrison Avenue in Cambridge, MA, this multifamily property was recently sold on March 19, 2021. The transaction was facilitated by Taleen Chiofaro of Leading Edge Real Estate. The sale price for this property was $1,320,000. With a total area of 2,644 square feet, the price per square foot was estimated to be $499.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,320,000
- Square Footage: 2,644
- Price per Square Foot: $499
- Address: 7-9 Harrison Avenue, Cambridge, MA
- Market: Cambridge, MA
Taleen Chiofaro from Leading Edge Real Estate played a crucial role as the broker in this transaction. Their expertise and guidance ensured a successful deal for all parties involved.
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
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93