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883 Cambridge Street, Cambr...

Mission Realty Advisors Acquires Multifamily Property In Cambridge, MA For $2.15M
SOLDMultiFamily

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

Eric Johnson

Compass

Broker

$34.4M

vol

17 deals

Broker

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

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93