Berkshire Hathaway HomeServices Represents Buyer In $1.4M Multifamily Sale At 705 Cambridge Street In Boston
705 Cambridge Street
$1,395,000
$377/SF
Building Size
3,698 SF
Asset Type
MultiFamily
Closing
Oct 7, 2024
AI
705 Cambridge Street in Boston, MA, sold for $1,395,000. The asset is a well-maintained multifamily property comprising two residential units, featuring seven bedrooms and four bathrooms within a total area of 3,698 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,395,000
- Units: 2
- Price Per Unit: $697,500
- Square Feet: 3,698
- Price Per Square Foot: $377
- Buyer's Representative: James Savas - Berkshire Hathaway HomeServices
- Seller's Representative: David Dobrowolski - Block Realty
This transaction involved James Savas representing the buyer and David Dobrowolski representing the seller, both individuals active in the real estate market of Boston, MA.
Players
Brighton 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
11.37%
Cash-on-Cash
-3.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93