Updated Sep 9, 2024
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
About this deal
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.
On the Map
$2,200,000
$740/SF
MultiFamily
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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