Bobby Woofter Of My Boston Condo Acquires Multifamily Property In Cambridge, MA For $1.7M
SOLD
$1,758,000
+ 1
Massachusetts
See Similar DealsMultiFamily2,050 SF
Sold 07/09/2020
SOLD
Bobby Woofter Of My Boston Condo Acquires Multifamily Property In Cambridge, MA For $1.7M
9 Laurel St, Cambridge, Massachusetts, USA
See Similar DealsMultiFamily2,050 SF
Sold 07/09/2020
+ 1
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$857
Total Square Footage:2,050 SF
Transaction Type:Sale
Located at 9 Laurel St in Cambridge, MA, this multifamily property was recently sold on July 9, 2021. The transaction was facilitated by Currier, Lane & Young - Compass, representing the seller, and Bobby Woofter from My Boston Condo, representing the buyer.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,758,000
- Square Footage: 2,050
- Price Per Square Foot: $858
- Market: Cambridge, MA
Notable individuals involved in the deal include the seller's representative, Currier, Lane & Young - Compass, and the buyer's representative, Bobby Woofter from My Boston Condo.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,760.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,245.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,333.82
Annual Debt Service$100,005.80
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