Douglas Elliman Real Estate Represents $1.25M Condo Sale In Cambridge, MA
SOLD
$1,250,000
New York
See Similar Deals1,420 SF
Sold 11/13/2020
SOLD
Douglas Elliman Real Estate Represents $1.25M Condo Sale In Cambridge, MA
6 Canal Park Apt 610, Cambridge, Ma 02141, Estados Unidos
See Similar Deals1,420 SF
Sold 11/13/2020
Summary
NEW YORK
Price Per Square Foot:$880
Total Square Footage:1,420 SF
Transaction Type:Sale
A condo located at 6 Canal Park in Cambridge, MA has been recently sold. The transaction took place on November 13th, 2020. The property was listed by Manny Sarkis and Jesse Greenstein from Douglas Elliman Real Estate. The asking price for the condo was $1,399,000, and it was eventually sold for $1,250,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,250,000
- Address: 6 Canal Park, Cambridge, MA
- Listed by: Manny Sarkis & Jesse Greenstein - Douglas Elliman Real Estate
This successful transaction was facilitated by the expertise and representation of Manny Sarkis and Jesse Greenstein from Douglas Elliman Real Estate. Their professional assistance ensured a smooth sale of the condo at 6 Canal Park, resulting in a final transaction price of $1,250,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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