Updated Sep 9, 2024
Zong Zou Acquires 5-Unit Multifamily In Cambridge, MA For $1.975M
83-89 Webster Ave
$1,975,000
$486/SF
Building Size
4,056 SF
Asset Type
MultiFamily
Closing
Sep 12, 2023
About this deal
AI
The multifamily property located at 83-89 Webster Avenue in Cambridge, MA has been sold for $1,975,000. The property consists of 5 units, with an average price per unit of $395,000. The total square footage of the property is 4,056, resulting in a price per square foot of $487.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,975,000
- Units: 5
- Price per Unit: $395,000
- Square Footage: 4,056
- Price per Square Foot: $487
- Address: 83-89 Webster Avenue, Cambridge, MA
- Market: Cambridge, MA
The buyer of the property is Zong Zou, while the seller is John Souza. The sale was facilitated by Ryan Quinn and John Federico from Grove Property Group, who served as the brokers in the transaction.
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
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93