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Gregory McCarthy Acquires Multifamily Property In Cambridge For $1.5M

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SOLD
$1,500,000

Massachusetts

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MultiFamily2,402 SF
Sold 09/01/2023
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Property Image
SOLD

Gregory McCarthy Acquires Multifamily Property In Cambridge For $1.5M

41 Tierney St Cambridge, MA 02138, USA

See Similar Deals
MultiFamily2,402 SF
Sold 09/01/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$624
Total Square Footage:2,402 SF
Transaction Type:Sale

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

13 deals$19.6M volume
BROKER

Details

SOLD
IMAGE: Matthew Petty & Gregory McCarthy DATE: 09/01/2023 ADDRESS: 41 Tierney Street MARKET: Cambridge, MA ASSET TYPE: Multifamily BUYER: Gregory McCarthy SELLER: Daniel Viera BUYER'S REP: Gregory McCarthy - Riverfront Realtors (@BostonRiverfrontRealtors) SELLER'S REP: Matthew Petty - FRAME Residential (@FrameResidential) SALE PRICE: $1,500,000 UNITS: 2 ~ PPU: $750,000 SF: 2,402 ~ PPSF: $624

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
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