Updated Dec 21, 2023
Berkshire Hathaway Homeservices Acquires Multifamily In Cambridge, MA For $2.48M
8 Van Norden Street, Cambridge, Massachusetts 02140, United States
$2,475,000
$787/SF
Building Size
3,143 SF
Asset Type
MultiFamily
Closing
Sep 29, 2022
About this deal
AI
The multifamily property located at 8 Van Norden St in Cambridge, MA has been sold for a price of $2,475,000. This property spans 3,143 square feet, resulting in a price per square foot of $787.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,475,000
- Address: 8 Van Norden St, Cambridge, MA
- Market: Cambridge, MA
- Broker: Paul Coutinho - Berkshire Hathaway Homeservices Commonwealth Real Estate
Paul Coutinho from Berkshire Hathaway Homeservices Commonwealth Real Estate acted as the broker in this transaction.
Cambridge 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
6.41%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93