Updated Dec 4, 2024
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
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
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