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81 Winter St Cambridge, Ma ...

Updated Oct 29, 2024

Boston Consulting & Management Acquires MultiFamily Property In Cambridge, MA For $7.2M
SOLDMultiFamily

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

Dennis Kelleher

Horvath & Tremblay

Broker

$570.4M

vol

98 deals

Broker
Torrington Properties
Torrington PropertiesSeller

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $572 per square foot on a published $7.2M for 12,580 square feet (2023).

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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

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