Cambridge Multifamily Sells For $1.25M, Represented By Griffin Properties And Gibson Sotheby's
SOLD
$1,250,000
Massachusetts
See Similar DealsMultiFamily2,578 SF
Sold 01/27/2021
SOLD
Cambridge Multifamily Sells For $1.25M, Represented By Griffin Properties And Gibson Sotheby's
21-23 Tenney Street, Cambridge, MA, USA
See Similar DealsMultiFamily2,578 SF
Sold 01/27/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$484
Total Square Footage:2,578 SF
Transaction Type:Sale
The multifamily property located at 21-23 Tenney Street in Cambridge, MA has been sold for a price of $1,250,000. The property spans a total of 2,578 square feet, resulting in a price per square foot of $485.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 21-23 Tenney Street, Cambridge, MA
- Market: Cambridge, MA
The seller of this property was represented by Paul Griffin from Griffin Properties, while Max Dublin from Gibson Sotheby's International Realty acted as the buyer's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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