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303 Harvard Street, Cambrid...

Updated Dec 21, 2023

Horvath & Tremblay Brokers Sell Multifamily Property On Harvard St, Cambridge, MA For $9M
SOLDMultiFamily

Horvath & Tremblay Brokers Sell Multifamily Property On Harvard St, Cambridge, MA For $9M

303 Harvard Street, Cambridge, Massachusetts 02139, United States

$9,000,000

$603/SF

Building Size

14,908 SF

Asset Type

MultiFamily

Closing

Jan 3, 2022

About this deal

AI

The multifamily property located at 303 Harvard Street in Cambridge, MA has been sold in a transaction that closed on January 3, 2022. The property consists of 16 units and was sold for a total price of $9,000,000, resulting in a per unit price of $562,500.

Summary of transaction details

John Pentore and Dennis Kelleher of Horvath & Tremblay represented the parties involved in this transaction. They facilitated the sale of the property at 303 Harvard Street, resulting in a successful deal. The sale price of $9,000,000 and the unit breakdown were key factors in this transaction, illustrating the value and potential of the property.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$570.4M

vol

98 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $603 per square foot on a published $9M for 14,908 square feet (2022).

Visit Dennis Kelleher to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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