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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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22-24 Magazine St , Cambridge, MA 02139
$12,000,000
Est. Payment: $26,666.67/mo
47 Bed
24 Bath
16384 Sqft
Status: Under Agreement | Days on site: 146
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AN4987 - CN254297
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House Description

22-24 Magazine Street offers 12 apartment units and is located within the Central Square neighborhood of Cambridge. The property is comprised of one four-story building with basement. Originally constructed in 1905, the building experienced a fire in late-2017, and ownership has since invested substantial capital in undertaking property-wide upgrades to building and life safety systems, as well as in-unit finish levels, with all apartments now fully gut-renovated and offering condo-quality finish levels.With 11-4 bed, 2 bath and 1-3 bed, 2 bath apartments averaging 1,365 square feet, 22-24 Magazine Street offers some of the largest and most desirable layouts in all of Cambridge. Each apartment offers open concept kitchens, in-unit laundry, stainless appliance packages, central AC, and private oversized balcony/patio spaces, further boosting the desirability of the product and unlocking additional opportunity for future organic rent growth.

Highlights

Listed by John McLaughlin , 781-454-7502 CBRE, Inc , 617-912-7000.

Property Type

Multi-Family

Lot/Acreage
0.18

Year Built

2019

County

Middlesex

Listing ID

73484648

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:47
  • Bathrooms:24
  • Full Bathrooms:24
Water:Public

Exterior Features

Lot:Corner Lot
Garage Capacity:0
Zoning:C
Sewer:Public Sewer
Principal Interest
$26,667
Taxes
$5,290

Home Price

$12,000,000

Loan Details

30 yrs
%

Down Payment

20%
$2,400,000
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Monthly Price:
$26,666.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $26,666.67 $5,289.75 $0.00 $31,956.42
Yearly $320,000.00 $63,477.00 $0.00 $383,477.00
Total $9,600,000.00 $1,904,310.00 $0.00 $11,504,310.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Cambridge, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.