Updated Dec 21, 2023
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
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Address: 303 Harvard Street, Cambridge, MA
- Market: Cambridge, MA
- Brokers: John Pentore & Dennis Kelleher - Horvath & Tremblay
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
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93