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Sale · MultiFamily

Updated Dec 4, 2024

Denman Drapkin Group Acquires Multifamily Property On Cushing Street In Cambridge, MA For $1.1M
SOLDMultiFamily

Denman Drapkin Group Acquires Multifamily Property On Cushing Street In Cambridge, MA For $1.1M

$1,100,000

$468/SF

Building Size

2,349 SF

Asset Type

MultiFamily

Closing

Oct 17, 2023

About this deal

AI

A multifamily property located at 72 A & B Cushing Street in Cambridge, MA, has been sold for $1.1 million. The property spans 2,349 square feet, resulting in a price per square foot of $468.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Address: 72 A & B Cushing Street, Cambridge, MA
  • Market: Cambridge, MA

Denman Drapkin Group from Compass acted as the buyer's representative in the transaction while Laura Baliestiero of Coldwell Banker served as the seller's representative.

Note: The sale of this multifamily property at 72 A & B Cushing Street in Cambridge, MA, closed at a price of $1.1 million, with a per square foot price of $468. Denman Drapkin Group from Compass represented the buyer, while Laura Baliestiero of Coldwell Banker served as the seller's representative in the transaction.

Players

Laura Baliestiero

Coldwell Banker

Broker

$1.1M

vol

1 deal

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $468 per square foot on a published $1.1M for 2,349 square feet (2023).

Visit Coldwell Banker to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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