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RE/MAX DESTINY Represents $2.7M Sale Of Multifamily Property In Cambridge, MA

Property Image
SOLD
$2,700,000
Gary Luongo
David Lilley

Massachusetts

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MultiFamily5,223 SF
Sold 07/29/2022
the dealplayerscompscontact
Property Image
SOLD

RE/MAX DESTINY Represents $2.7M Sale Of Multifamily Property In Cambridge, MA

95 Hampshire St, Cambridge, Massachusetts 02139, United States

See Similar Deals
MultiFamily5,223 SF
Sold 07/29/2022
Gary Luongo
David Lilley
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$516
Total Square Footage:5,223 SF
Transaction Type:Sale

Located at 95-97 Hampshire St in Cambridge, MA, this multifamily property was recently sold for a price of $2,700,000. Spanning across 5,223 square feet, the property offers a competitive price per square foot of $517.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,700,000
  • Date: 07/29/2022
  • Address: 95-97 Hampshire St, Cambridge, MA
  • Market: Cambridge, MA
  • Buyer's Representative: David Lilley - RE/MAX DESTINY
  • Seller's Representative: Gary Luongo - RE/MAX DESTINY

The buyer's representative, David Lilley from RE/MAX DESTINY, played a crucial role in facilitating the transaction. Alongside him, the seller's representative, Gary Luongo, also from RE/MAX DESTINY, provided their expertise in securing a successful deal.

Players

David Lilley
Re/Max
David Lilley
14 deals$34.8M volume
BROKER
Gary Luongo
Re/Max
Gary Luongo
2 deals$4.2M volume
BROKER

Details

SOLD
IMAGE: Gary Luongo & David Lilley DATE: 07/29/2022 ADDRESS: 95-97 Hampshire St MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER'S REP: David Lilley - RE/MAX DESTINY (@DestinyAgents) SELLER'S REP: Gary Luongo (@GaryLuongoCambridgeRealtor) - RE/MAX DESTINY SALE PRICE: $2,700,000 SF: 5,223 ~ PPSF: $517

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
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