Updated Oct 28, 2024
Mathew Teguis Acquires 10-Unit Multifamily Property In Cambridge, MA For $5M
21 Forest Street, Cambridge, Massachusetts 02140, United States
$5,000,000
$460/SF
Building Size
10,863 SF
Asset Type
MultiFamily
Closing
Sep 26, 2022
About this deal
AI
The multifamily property located at 21 Forest St in Cambridge, MA has been sold for $5,000,000 in a recent transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Address: 21 Forest St, Cambridge, MA
- Market: Cambridge, MA
- Buyer: Mathew Teguis
- Seller: Twenty One Forest Street, LLC
- Brokers: Chris Sower, Bruce Lusa, Jon Bryant, John Flaherty, and Kevin Jones - Cushman & Wakefield
- Units: 10
- Price per Unit (PPU): $500,000
- Square Footage (SF): 10,863
- Price per Square Foot (PPSF): $460
The deal was facilitated by the brokers Chris Sower, Bruce Lusa, Jon Bryant, John Flaherty, and Kevin Jones from Cushman & Wakefield.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93