DND Homes LLC Acquires Retail Property On Winter Street In Cambridge For $3.1M
8 Winter St, Cambridge, MA 02141, USA
$3,100,000
$1,572/SF
Building Size
1,972 SF
Asset Type
Retail
Closing
May 19, 2020
AI
Located at 8 Winter Street in Cambridge, this retail property was recently sold in a closed transaction. The property spans a total area of 1,972 square feet and was sold at a price of $3,100,000, resulting in a price per square foot of $1,572.
Summary of transaction details
- Property Type: Retail
- Sale Price: $3,100,000
- Square Footage: 1,972
- Price per Square Foot: $1,572
- Market: Cambridge
The sale involved the following individuals and companies. The sellers were Charlotte Licari, Charlotte Deveney, and Cheryl Williams. On the other hand, the buyer was DND Homes LLC, represented by Ozan Dokmecioglu. Christian Murray from North Corners acted as the broker in this transaction.
Players
Cambridge Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93