Mission Realty Advisors Acquires Multifamily Property In Cambridge, MA For $2.15M
883 Cambridge Street, Cambridge, Massachusetts 02141, United States
$2,150,000
$595/SF
Building Size
3,610 SF
Asset Type
MultiFamily
Closing
Apr 21, 2022
AI
The multifamily property located at 883 Cambridge St in Cambridge, MA has been sold for a total price of $2,150,000. The transaction took place on April 22, 2022. The property consists of 3 units, providing an average price per unit of $716,667. With a total area of 3,610 square feet, the property has a price per square foot of $596.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Units: 3
- Price per Unit: $716,667
- Square Footage: 3,610
- Price per Square Foot: $596
- Address: 883 Cambridge St, Cambridge, MA
- Market: Cambridge, MA
The buyer's representative in this transaction was Mission Realty Advisors - Compass, while the seller's representative was Eric Johnson - Compass.
Players
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93