Updated Dec 21, 2023
Horvath & Tremblay Brokers Sell Multi Family Property In Cambridge, MA For $11.25M
19 Agassiz Street, Cambridge, Massachusetts 02140, United States
$11,250,000
$519/SF
Building Size
21,647 SF
Asset Type
MultiFamily
Closing
Jan 17, 2022
About this deal
AI
The Agassiz, located at 19 Agassiz St in Cambridge, MA, has recently been sold in a closed transaction. This multi-family property consists of 17 units, with a total square footage of 21,647. The sale price for The Agassiz was $11,250,000, resulting in a per-unit price of $661,765. The price-per-square-foot is calculated at $520.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $11,250,000
- Units: 17
- Price Per Unit: $661,765
- Square Footage: 21,647
- Price Per Square Foot: $520
John Pentore and Dennis Kelleher, representing Horvath & Tremblay, served as the brokers for this transaction. Their expertise was instrumental in facilitating the deal for The Agassiz.
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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93