Updated Dec 4, 2024
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
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Coldwell Banker to view all their deals.
Browse Massachusetts multifamily sales on Traded.
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