Updated Oct 29, 2024
Boston Consulting & Management Acquires MultiFamily Property In Cambridge, MA For $7.2M
81 Winter St Cambridge, Ma 02141, Usa
$7,200,000
$572/SF
Building Size
12,580 SF
Asset Type
MultiFamily
Closing
Jun 29, 2023
About this deal
AI
A multi-family property located at 81-91 Winter Street in Cambridge, MA has been sold in a transaction worth $7,200,000. The property consists of 13 units with an average price per unit of $553,846. It spans across 12,580 square feet, resulting in a price per square foot of $572.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $7,200,000
- Units: 13
- Price Per Unit: $553,846
- Square Footage: 12,580
- Price Per Square Foot: $572
The buyer of the property is Boston Consulting & Management, while the sellers are KRE Corp and Torrington Properties. Yun Peng from New Century Realty represented the buyer, and Dennis Kelleher and John Pentore from Horvath & Tremblay represented the sellers in this transaction.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Dennis Kelleher to view all their deals.
Browse Boston multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93