$5,500,000 370 Broadway Cambridge, MA

MLS: 73010735   Type: Multi-Family   County: Middlesex   City: Cambridge   Zip: 02139   Style: 5-9 Family   # Rooms: 24    Stories: 10   Taxes: $30,994

Mortgage $25,822 /mo



Half Baths

Sqr Footage

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Attractive corner building on Broadway, great location in Cambridge, close to public transportation, centrally located between Inman Square, Harvard Square, and Central Square. Perfect for 1031 exchange - stabilized 5.4% cap rate at asking price. Fully occupied investment property includes four (4) large 4-bed apartments and two (2) retail suites. Apartments have been updated and are lease through 8/31/23. Retail space is fully occupied by one tenant with a long term lease. Apartments have rear decks, H&HW paid by the tenants, coin-operated laundry in the basement. TO RECEIVE ADDITIONAL INFORMATIO PLEASE SEE FIRM REMARKS

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Price History

7/12/2022 Listed $5,500,000

Building Area Units Square Feet
Buyer Agent Compensation 1
City Cambridge
Compensation Based On Gross/Full Sale Price
County Middlesex
Directions 370 Broadway is centrally located and in close proximity to Inman Square, Harvard Square, and the MB
Facilitator Compensation 0
Garage Spaces, Detached Garage 0
Garage Y/N No
Grossincome 363520
Lot Size Square Feet 3714
Net Operating Income 299257
Operatingexpense 64263
Property SubType 5-9 Family
Property Type Residential Income
Sewer Public Sewer
Standard Status Active
Status Active
Street Name Broadway
Sub-Agency Relationship Offered No
Tax Annual Amount 30994
Tax Year 2021
TaxAssessedValue 3767800
Total Actual Rent 30210
Total Rooms 24
Total Units 6
Waterfront Y/N No
Year Built 1900
Year Built Details Approximate
Yearbuiltsource Public Records
Zoning BA-1

Interior Features

Fireplace Y/N No
Full Baths 4
Half Baths 0
Total Baths 4
Total Bedrooms 30
Total Fireplaces 0
Total Stories 10

Exterior Features

Building Area Total 8680
Covered Spaces 0
Foundation Details Stone, Granite
Lot Features Corner Lot
Lot Size Acres 0.09
Lot Size Area 0.09
Lot Size Units Acres
Total Parking 0
Water Source Public

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Property vs Zip Code Avg (02139)

Price 5.50M Avg 3.38M

Sqr Feet 8,680 Avg 5,067

Cost / Sqr Ft $634 Avg $669

Taxes $30,994 Avg $18,935

Acres 0.09 Avg 0.09

Visits 35 Avg 47

Days on Site 85 Avg 80

Walkscore® 94 Avg 95

Data Provided by Walkscore ® not using MLS data

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Listed By: Carl Christie with Carl Christie.

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Location & Address

Gallagher Real Estate
1763 Northampton St
Holyoke, MA