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90 Normandy Avenue

Updated Dec 4, 2024

Popular Properties Realty Acquires Multifamily Property In Cambridge, MA For $1.41M
SOLDMultiFamily

Popular Properties Realty Acquires Multifamily Property In Cambridge, MA For $1.41M

90 Normandy Avenue & 92 Normandy Avenue

$1,410,000

$262/SF

Building Size

2,688 SF

Asset Type

MultiFamily

Closing

Nov 9, 2023

About this deal

AI

A multifamily property located at 90-92 Normandy Avenue in Cambridge, MA has recently been sold for $1,410,000. The property consists of 2,688 square feet and was sold at a price of $525 per square foot.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,410,000
  • Square Footage: 2,688
  • Price Per Square Foot: $525
  • Address: 90-92 Normandy Avenue, Cambridge, MA
  • Market: Cambridge, MA

The buyer's representative in this transaction was Israel Rolon from Popular Properties Realty, while the seller's representative was Robert Corwin from Century 21 North East.

This transaction involved the successful sale of the multifamily property at 90-92 Normandy Avenue. Israel Rolon, representing the buyer, worked with Robert Corwin, representing the seller, to finalize the deal. The property's characteristics, including its square footage and price per square foot, made it an attractive investment opportunity in the Cambridge, MA market.

Players

Robert Corwin

Century 21

Broker

$1.4M

vol

1 deal

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $262 per square foot on a published $1.4M for 5,376 square feet (2023).

Visit Century 21 to view all their deals.

Browse Cambridge multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.25%

Cash-on-Cash

-3.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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