Stephen Shuman Acquires Multifamily Property At 602-604 Cambridge Street For $2.26M
602-604 Cambridge Street
$2,260,000
$481/SF
Building Size
4,693 SF
Asset Type
MultiFamily
Closing
Oct 8, 2024
AI
The asset involved in this transaction is a multifamily property located at 602-604 Cambridge Street in Allston, MA. The sale price of the property is $2,260,000, which encompasses four units. The total square footage of the property is 4,693, yielding a price per unit of $565,000 and a price per square foot of $481.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,260,000
- Units: 4
- Square Footage: 4,693
- Price Per Unit: $565,000
- Price Per Square Foot: $481
- Buyer: Stephen Shuman
- Seller: Bryan Ganz
- Buyer's Representative: Brian Martinez - Com-Pro Real Estate Services
- Seller's Representative: Stephen Girolamo - Horvath & Tremblay
Key individuals involved in this transaction include the buyer, Stephen Shuman, and the seller, Bryan Ganz. The transaction was facilitated by representatives Brian Martinez from Com-Pro Real Estate Services for the buyer and Stephen Girolamo from Horvath & Tremblay for the seller, ensuring the deal progressed smoothly between both parties.
Players
Allston 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
7.02%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93