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January Checkovich Acquires Multifamily Property In Cambridge, MA For $3.15M
SOLD
Massachusetts
See Similar DealsMultiFamily5,138 SF
Sold 05/30/2024
SOLD
January Checkovich Acquires Multifamily Property In Cambridge, MA For $3.15M
75-77 Dana Street
See Similar DealsMultiFamily5,138 SF
Sold 05/30/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$613
Total Square Footage:5,138 SF
Transaction Type:Sale
A multifamily property located at 75-77 Dana Street in Cambridge, MA, was sold for $3,150,000. The property spans 5,138 square feet, resulting in a price per square foot of $613.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Address: 75-77 Dana Street
- Market: Cambridge, MA
January Checkovich from Peter Gee Associates represented the buyer in the transaction, while Ryan McCormick from Metro Realtyserved as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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