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8 Suffolk Street

Compass Facilitates $2.2M Sale Of Cambridge Multifamily Property
SOLDMultiFamily

Compass Facilitates $2.2M Sale Of Cambridge Multifamily Property

8 Suffolk Street

$2,200,000

$740/SF

Building Size

2,970 SF

Asset Type

MultiFamily

Closing

Apr 26, 2023

AI

A multifamily property located at 8 Suffolk Street in Cambridge, Massachusetts, was sold for $2.2 million. The deal was facilitated by Hans Nagrath of Compass, representing the buyer, and Michael Gorenstein of Advantage Realty, representing the seller. The property has a size of 2,970 square feet and a price per square foot of $741.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Address: 8 Suffolk Street, Cambridge, MA
  • Market: Cambridge, MA

Hans Nagrath of Compass served as the buyer's representative in the transaction. On the other hand, Michael Gorenstein of Advantage Realty represented the seller. Both parties worked together to successfully complete the sale of the multifamily property.

Players

Hans Nagrath

Compass

Broker

$9.8M

vol

3 deals

Broker

Brisbane 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93