Updated Dec 21, 2023
Coldwell Banker Realty Acquires Multifamily Property In Cambridge For $2.4M
7 Reed Street, Cambridge, MA, USA
$2,436,000
$515/SF
Building Size
4,724 SF
Asset Type
MultiFamily
Closing
Apr 6, 2021
About this deal
AI
A multifamily property located at 7-9 Reed Street in Cambridge, MA has been sold for a total of $2,436,000. The property spans 4,724 square feet, resulting in a price per square foot of $516.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $2,436,000
- Address: 7-9 Reed Street, Cambridge, MA
- Market: Cambridge, MA
The sale was facilitated by Charles Petitti from Coldwell Banker Realty - Newton.
The multifamily sale at 7 Reed Street, Cambridge, MA, USA in Cambridge, Massachusetts sold for $2.4M in 2021. The building is 4,724 square feet, implying about 515 per square foot on the published price. Charles (Chuck) Petitti, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the Cambridge, Massachusetts file for the 7 Reed Street, Cambridge, MA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Cambridge sit in the Market section below. Filter that Cambridge multifamily set by closing date to see what else sold near 7 Reed Street, Cambridge, MA, USA around 2021. Published consideration for 7 Reed Street, Cambridge, MA, USA is $2.4M, dated 2021. Cite this Coldwell Banker Realty Acquires Multifamily Property In Cambridge For $2.4M sale when underwriting similar multifamily product around Cambridge, Massachusetts.
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Cambridge MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.51%
Cash-on-Cash
-1.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93