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130 Garden Street

Multifamily Property In Cambridge, MA Sells For $1.4M With Buyer's Rep Charles Cherney & Seller's Rep Kenneth Fund
SOLDMultiFamily

Multifamily Property In Cambridge, MA Sells For $1.4M With Buyer's Rep Charles Cherney & Seller's Rep Kenneth Fund

130 Garden Street

$1,400,000

$575/SF

Building Size

2,433 SF

Asset Type

MultiFamily

Closing

Sep 29, 2023

AI

A multifamily property located at 130 Garden Street in Cambridge, MA has been sold for $1.4 million. The property spans 2,433 square feet, resulting in a price per square foot (PPSF) of $575.

Summary of transaction details:

Charles Cherney from Compass represented the buyer, while Kenneth Fund from Think Real Estate Services represented the seller in this transaction.

Players

Charles Cherney

Compass

Broker

$9.5M

vol

6 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93