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32 Edward Avenue, Monticell...

Updated Dec 19, 2023

Compass Brokers Sell Cambridge Multifamily Property For $1.39M
SOLDMultiFamily

Compass Brokers Sell Cambridge Multifamily Property For $1.39M

32 Edward Avenue, Monticello, Sullivan, NY, USA

$1,390,000

$455/SF

Building Size

3,054 SF

Asset Type

MultiFamily

Closing

May 6, 2021

About this deal

AI

A multifamily property located at 32 Edward T. Sullivan in Cambridge, MA has been sold for a price of $1,390,000. The property spans over 3,054 square feet, resulting in a price per square foot of $455.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,390,000
  • Address: 32 Edward T. Sullivan, Cambridge, MA
  • Market: Cambridge, MA
  • Square Footage: 3,054
  • Price per Square Foot: $455

The sale was facilitated by Team Patti Brainard & Denman Properties from Compass.

The multifamily sale at 32 Edward Avenue, Monticello, Sullivan, NY, USA in Monticello, New York sold for $1.4M in 2021. The building is 3,054 square feet, implying about 455 per square foot on the published price. Patti Brainard, Compass appear on the sale alongside Compass. This page is the Monticello, New York file for the 32 Edward Avenue, Monticello, Sullivan, NY, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Monticello sit in the Market section below. Filter that Monticello multifamily set by closing date to see what else sold near 32 Edward Avenue, Monticello, Sullivan, NY, USA around 2021. Published consideration for 32 Edward Avenue, Monticello, Sullivan, NY, USA is $1.4M, dated 2021. Cite this Compass Brokers Sell Cambridge Multifamily Property For $1.39M sale when underwriting similar multifamily product around Monticello, New York.

Players

Patti Brainard

Compass

Broker

$6.6M

vol

4 deals

Broker

Monticello MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $455 per square foot on a published $1.4M for 3,054 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.41%

Cash-on-Cash

-3.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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