Updated Dec 21, 2023
Cushman & Wakefield Brokers $3M Multifamily Sale In Cambridge, MA
7 Mellen Street, Cambridge, Massachusetts 02138, United States
$3,000,000
$482/SF
Building Size
6,220 SF
Asset Type
MultiFamily
Closing
Aug 15, 2022
About this deal
AI
The multifamily property located at 7 Mellen St in Cambridge, MA was recently sold. The transaction was facilitated by Christopher Sower of Cushman & Wakefield.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 7 Mellen St
- Market: Cambridge, MA
- Square Footage: 6,220
- Price per Square Foot: $482
The sale of this property marks a significant transaction in the Cambridge market. Christopher Sower, representing Cushman & Wakefield, played a key role in facilitating the deal.
The multifamily sale at 7 Mellen Street, Cambridge, Massachusetts 02138, United States in Cambridge, Massachusetts sold for $3M in 2022. The building is 6,220 square feet, implying about 482 per square foot on the published price. Christopher Sower, Cushman & Wakefield appear on the sale alongside Cushman & Wakefield. This page is the Cambridge, Massachusetts file for the 7 Mellen Street, Cambridge, Massachusetts 02138, United States 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 Mellen Street, Cambridge, Massachusetts 02138, United States around 2022. Published consideration for 7 Mellen Street, Cambridge, Massachusetts 02138, United States is $3M, dated 2022. Cite this Cushman & Wakefield Brokers $3M Multifamily Sale In Cambridge, MA sale when underwriting similar multifamily product around Cambridge, Massachusetts.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93