facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Loan

/

122 Berkshire Street, Cambr...

Fantini & Gorga Represents $2.5M Loan For 11-Unit Multifamily Property In Cambridge, MA
FINANCEDMultiFamily

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

Derek Coulombe

Fantini & Gorga

Broker

$65.9M

vol

7 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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