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8 Winter St, Cambridge, MA ...

DND Homes LLC Acquires Retail Property On Winter Street In Cambridge For $3.1M
SOLDRetail

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

Christian Murray

North Corner Realty

Broker

$4.6M

vol

2 deals

Broker

Ozan Dokmecioglu

Buyer

$5.3M

vol

3 deals

Buyer

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