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Encompass Property Solutions Acquires Multifamily Property In Cambridge, MA For $1.35M
SOLD
Massachusetts
See Similar DealsMultiFamily1,704 SF
Sold 10/10/2023
SOLD
Encompass Property Solutions Acquires Multifamily Property In Cambridge, MA For $1.35M
96 Fifth Street
See Similar DealsMultiFamily1,704 SF
Sold 10/10/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$792
Total Square Footage:1,704 SF
Transaction Type:Sale
A multifamily property located at 96 Fifth Street in Cambridge, MA, was sold for $1,350,000. The transaction involved a 1,704 square foot space, with a price per square foot (PPSF) of $792.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Square Footage: 1,704
- Price per Square Foot (PPSF): $792
- Address: 96 Fifth Street, Cambridge, MA
- Market: Cambridge, MA
The buyer's representative in the deal was John Raposo from Encompass Property Solutions LLC, while the seller's representative was Ying Chen from Redfin.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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