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41 Tierney St Cambridge, MA...

Gregory McCarthy Acquires Multifamily Property In Cambridge For $1.5M
SOLDMultiFamily

Gregory McCarthy Acquires Multifamily Property In Cambridge For $1.5M

41 Tierney St Cambridge, MA 02138, USA

$1,500,000

$624/SF

Building Size

2,402 SF

Asset Type

MultiFamily

Closing

Sep 1, 2023

AI

The multifamily property located at 41 Tierney Street in Cambridge, MA was recently sold for a transaction amount of $1,500,000. The property consists of two units, with a price per unit of $750,000. It spans across a total square footage of 2,402, resulting in a price per square foot of $624.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Units: 2
  • Price Per Unit: $750,000
  • Square Footage: 2,402
  • Price Per Square Foot: $624
  • Address: 41 Tierney Street, Cambridge, MA
  • Market: Cambridge, MA

The buyer in this transaction was Gregory McCarthy, represented by Riverfront Realtors. The seller of the property was Daniel Viera, with Matthew Petty from FRAME Residential serving as his representative.

Players

Gregory McCarthy

Broker

$19.6M

vol

13 deals

Broker

Market 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93