Coldwell Banker Acquires Multifamily Property In Cambridge For $2.56M
SOLD
$2,560,000
Massachusetts
See Similar DealsMultiFamily4,381 SF
Sold 07/26/2022
SOLD
Coldwell Banker Acquires Multifamily Property In Cambridge For $2.56M
73 Wendell Street, Cambridge, Massachusetts 02138, United States
See Similar DealsMultiFamily4,381 SF
Sold 07/26/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$584
Total Square Footage:4,381 SF
Transaction Type:Sale
A multifamily property located at 73 Wendell St in Cambridge, MA has been sold for a price of $2,560,000. The property spans a total area of 4,381 square feet, resulting in a price per square foot of $584.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,560,000
- Address: 73 Wendell St, Cambridge, MA
- Market: Cambridge, MA
The buyer was represented by Gail Roberts, Ed Feijo & Team from Coldwell Banker Realty - Cambridge. On the other hand, the seller was represented by the Kendall Green Luce Team from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,095.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,135.71
Annual Debt Service$145,628.47
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