Updated Dec 21, 2023
Cambridge Multifamily Sells For $2.6M With Christopher Sower - Cushman & Wakefield
9 Mellen Street, Cambridge, Massachusetts 02138, United States
$2,600,000
$463/SF
Building Size
5,606 SF
Asset Type
MultiFamily
Closing
Aug 15, 2022
About this deal
AI
A multifamily property located at 9 Mellen St in Cambridge, MA has been sold for a total of $2,600,000. The property spans across 5,606 square feet with a price per square foot of $464.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 9 Mellen St, Cambridge, MA
- Market: Cambridge, MA
The sale of this property was facilitated by Christopher Sower of Cushman & Wakefield.
The multifamily sale at 9 Mellen Street, Cambridge, Massachusetts 02138, United States in Cambridge, Massachusetts sold for $2.6M in 2022. The building is 5,606 square feet, implying about 463 per square foot on the published price. Christopher Sower, Cushman & Wakefield appear on the sale alongside Cushman & Wakefield. This page is the Cambridge, Massachusetts file for the 9 Mellen Street, Cambridge, Massachusetts 02138, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Cambridge sit in the Market section below. Filter that Cambridge multifamily set by closing date to see what else sold near 9 Mellen Street, Cambridge, Massachusetts 02138, United States around 2022. Published consideration for 9 Mellen Street, Cambridge, Massachusetts 02138, United States is $2.6M, dated 2022. Cite this Cambridge Multifamily Sells For $2.6M With Christopher Sower - Cushman & Wakefield sale when underwriting similar multifamily product around Cambridge, Massachusetts.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93