Updated Dec 18, 2023
Payson Realty Acquires Multifamily Property In Cambridge, MA For $1.7M
80 Alpine Street, Cambridge, Massachusetts 02138, United States
$1,700,000
$565/SF
Building Size
3,006 SF
Asset Type
MultiFamily
Closing
Apr 18, 2022
About this deal
AI
Located at 80 Alpine St in Cambridge, MA, this multifamily property was recently sold for a price of $1,700,000. The property spans across 3,006 square feet, resulting in a price-per-square-foot of $566. The transaction took place on April 19, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Address: 80 Alpine St, Cambridge, MA
- Square Footage: 3,006
- Price Per Square Foot: $566
- Market: Cambridge, MA
Paul Payson from Payson Realty represented the buyer in this transaction, while Charles O'Neill from Charles River Properties, LLC acted as the seller's representative.
Players
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93