Michael Kuritnik & Boris Kuritnik Sell Single Family Property In Cambridge For $8.6M
SOLD
$8,600,000
Massachusetts
See Similar DealsSingle Family7,400 SF
Sold 05/28/2024
SOLD
Michael Kuritnik & Boris Kuritnik Sell Single Family Property In Cambridge For $8.6M
16 Francis Avenue
See Similar DealsSingle Family7,400 SF
Sold 05/28/2024
Summary
MASSACHUSETTS
Asset Type:Single Family
Price Per Square Foot:$1,162
Total Square Footage:7,400 SF
Transaction Type:Sale
The single-family property located at 16 Francis Avenue in Cambridge, MA, was successfully sold for $8,600,000. Spanning 7,400 square feet, the property was acquired at a price per square foot of $1,162.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,600,000
- Address: 16 Francis Avenue
- Market: Cambridge, MA
Michael Kuritnik and Boris Kuritnik handled both the selling and brokering aspects of this transaction through Kumo Capital, showcasing their dual role in the successful sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$458,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,553.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,768.39
Annual Debt Service$489,220.65
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