Peter Weinstein Acquires Multifamily Property In Cambridge For $5.3M
72 Dana StCambridge, MA 02138, USA
$5,277,500
$653/SF
Building Size
8,076 SF
Asset Type
MultiFamily
Closing
Jun 14, 2023
AI
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.
Players
Boston 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
3.01%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93