Updated Dec 21, 2023
Horvath & Tremblay Brokers Facilitate $12.85M Sale Of 22-Unit Multifamily Property In Cambridge, MA
19 Pleasant Street, Cambridge, Massachusetts 02139, United States
$12,850,000
$868/SF
Building Size
14,788 SF
Asset Type
MultiFamily
Closing
Oct 11, 2022
About this deal
AI
An multifamily property located at 19 Pleasant Street in Cambridge, MA has been sold for a price of $12,850,000. The property consists of 22 units with an average price per unit of $584,091. The total square footage of the property is 14,788, resulting in a price per square foot of $869.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,850,000
- Units: 22
- Average Price per Unit: $584,091
- Square Footage: 14,788
- Price per Square Foot: $869
- Market: Cambridge, MA
The sale of this multifamily property was facilitated by Dennis Kelleher and John Pentore from Horvath & Tremblay.
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
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93