Updated Dec 20, 2023
Horvath & Tremblay Facilitates $10.58M Multifamily Sale In Cambridge, MA
38 Gibson Street, Cambridge, Massachusetts 02138, United States
$10,580,000
$10,590/SF
Building Size
999 SF
Asset Type
MultiFamily
Closing
Mar 20, 2022
About this deal
AI
A multifamily property located at 38 Gibson St in Cambridge, MA has been sold for a total of $10,580,000. The property spans approximately 999 square feet, resulting in a price per square foot of $10,591.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,580,000
- Date: 03/21/2022
- Address: 38 Gibson St
- Market: Cambridge, MA
- Broker: John Pentore - Horvath & Tremblay
- Square Footage: 999
- Price per Square Foot: $10,591
The sale was facilitated by John Pentore from Horvath & Tremblay.
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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93