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602-604 Cambridge Street

Stephen Shuman Acquires Multifamily Property At 602-604 Cambridge Street For $2.26M
SOLDMultiFamily

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:

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

Stephen Girolamo

Horvath & Tremblay

Broker

$326.1M

vol

99 deals

Broker

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