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21-23 Tenney Street, Cambri...

Cambridge Multifamily Sells For $1.25M, Represented By Griffin Properties And Gibson Sotheby's
SOLDMultiFamily

Cambridge Multifamily Sells For $1.25M, Represented By Griffin Properties And Gibson Sotheby's

21-23 Tenney Street, Cambridge, MA, USA

$1,250,000

$484/SF

Building Size

2,578 SF

Asset Type

MultiFamily

Closing

Jan 26, 2021

AI

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.

Players

Max Dublin

Sotheby's International Realty

Broker

$12.1M

vol

8 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93