Peter Weinstein Acquires Multifamily Property In Cambridge For $5.3M
SOLD
$5,277,500
Massachusetts
See Similar DealsMultiFamily8,076 SF
Sold 06/14/2023
SOLD
Peter Weinstein Acquires Multifamily Property In Cambridge For $5.3M
72 Dana StCambridge, MA 02138, USA
See Similar DealsMultiFamily8,076 SF
Sold 06/14/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$653
Total Square Footage:8,076 SF
Transaction Type:Sale
The multifamily property located at 72 Dana Street and 74 Dana Street in Cambridge, MA has been sold in a closed transaction. The property consists of 4 units with a total square footage of 8,076. The sale price for the property was $5,277,500, resulting in a price per unit of $1,319,375 and a price per square foot of $653.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,277,500
- Address: 72 Dana Street & 74 Dana Street, Cambridge, MA
- Units: 4
- Price per Unit: $1,319,375
- Square Footage: 8,076
- Price per Square Foot: $653
The buyer of the property was Peter Weinstein, while Jason Kahan acted as the seller. The transaction was facilitated by Ryan Taylor and Brayden Haney of Fortune Realty, who represented both parties in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$281,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,749.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,018.04
Annual Debt Service$300,216.51
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