Fantini & Gorga Represents $2.5M Loan For 11-Unit Multifamily Property In Cambridge, MA
122 Berkshire Street, Cambridge, MA, USA
$2,500,000
$586/SF
Building Size
4,260 SF
Asset Type
MultiFamily
Closing
Jan 19, 2021
AI
A multifamily property located at 122 Berkshire Street in Cambridge, MA has been involved in a closed transaction. The property consists of 11 units and spans approximately 4,260 square feet. The deal was facilitated by brokers Derek Coulombe and Lindsay Feig from Fantini & Gorga. The transaction took place on January 20, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 122 Berkshire Street, Cambridge, MA
- Market: Cambridge, MA
- Units: 11
- Square Feet: 4,260
Derek Coulombe and Lindsay Feig, representing Fantini & Gorga, played a pivotal role in facilitating the deal for this multifamily property in Cambridge, MA.
Players
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93