Updated Sep 9, 2024
Horvath & Tremblay Brokers Sell Multifamily Property In Cambridge, MA For $3.9M
361 Washington Street
$3,900,000
$611/SF
Building Size
6,378 SF
Asset Type
MultiFamily
Closing
Oct 24, 2022
About this deal
AI
A multifamily property located at 361 Washington Street in Cambridge, MA has been sold in a closed transaction. The property consists of 6 units with a total square footage of 6,378. The sale price for this asset was $3,900,000, resulting in a price per unit of $650,000. The price per square foot is calculated to be $611.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Units: 6
- Price per Unit: $650,000
- Square Footage: 6,378
- Price per Square Foot: $611
The deal was facilitated by Dennis Kelleher and John Pentore from Horvath & Tremblay, who represented the buyer and seller in this transaction.
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93