Updated Dec 4, 2024
MGM Capital Acquires Development Site In Cambridge, MA For $2.2M
124 Jackson Street
$2,200,000
$183/SF
Building Size
12,000 SF
Asset Type
Development Site
Closing
Oct 7, 2023
About this deal
AI
A development site located at 124 Jackson Street in Cambridge, MA, has been sold for $2,200,000. The property spans 12,000 square feet, resulting in a price per square foot of $183.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,200,000
- Square Footage: 12,000
- Price per Square Foot: $183
- Address: 124 Jackson Street, Cambridge, MA
- Market: Cambridge, MA
MGM Capital has acquired the property from Stephen Finberg. The deal was facilitated by Fortune Realty brokers Ryan Taylor and Brayden Haney.
Players
Cambridge Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93