Torrington Properties Sells Multifamily Property In Cambridge, MA For $2.9M
46 Lincoln Street, Cambridge, MA, USA
$2,876,000
$474/SF
Building Size
6,056 SF
Asset Type
MultiFamily
Closing
Apr 29, 2021
AI
The multifamily property located at 42-46 Lincoln St in Cambridge, MA was recently sold. The sale took place on April 30, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,876,000
- Address: 42-46 Lincoln St, Cambridge, MA
- Market: Cambridge, MA
The seller of the property was Torrington Properties. The sale was facilitated by brokers Nick Jasinski and Kurt Cawley from United Multi Family.
The multifamily property has a total area of 6,056 square feet, resulting in a price per square foot of $475. It consists of 5 units, with an average price per unit of $575,200.
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
5.52%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93