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
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