Updated Dec 20, 2023
Horvath & Tremblay Represents Sale Of Multifamily Property In Cambridge For $15M
16 Trowbridge Street, Cambridge, MA, USA
$15,000,000
$1,500/SF
Building Size
9,999 SF
Asset Type
MultiFamily
Closing
Dec 22, 2020
About this deal
AI
The multifamily property located at 16 Trowbridge Street in Cambridge, MA was recently sold for $15,000,000. The transaction took place on December 23, 2020. The property consists of 28 units, resulting in a price per unit of $535,714. The sale was facilitated by brokers John Pentore and Dennis Kelleher, representing Horvath & Tremblay.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Units: 28
- Price Per Unit: $535,714
The deal involved John Pentore and Dennis Kelleher from Horvath & Tremblay as the brokers representing the parties. They played a crucial role in facilitating the transaction.
Players
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93