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72 Dana StCambridge, MA 021...

Peter Weinstein Acquires Multifamily Property In Cambridge For $5.3M
SOLDMultiFamily

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

Ryan Taylor

Fortune Realty

Broker

$160.2M

vol

41 deals

Broker

Peter Weinstein

Buyer

$13.5M

vol

3 deals

Buyer

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