Updated Dec 19, 2023
James Marsden Acquires Multifamily Property On Kinnaird St, Cambridge For $2.3M
5 Kinnaird Street, Cambridge, Massachusetts 02139, United States
$2,300,000
$731/SF
Building Size
3,146 SF
Asset Type
MultiFamily
Closing
Jul 6, 2022
About this deal
AI
Located in Cambridge, MA, the multifamily property at 5 Kinnaird St was recently sold. The sale took place on 07/07/2022, with a sale price of $2,300,000. The property spans 3,146 square feet, resulting in a price per square foot of $731.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Date: 07/07/2022
- Address: 5 Kinnaird St, Cambridge, MA
Representing the buyer in this transaction was James Marsden from Marsden Properties LLC. The seller was represented by The Murphy Group Lexington from William Raveis R.E. & Home Services.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93