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

Property Image
SOLD
$7,200,000

Massachusetts

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MultiFamily12,580 SF
Sold 06/29/2023
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Property Image
SOLD

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

81 Winter St Cambridge, Ma 02141, Usa

See Similar Deals
MultiFamily12,580 SF
Sold 06/29/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$572
Total Square Footage:12,580 SF
Transaction Type:Sale

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
93 deals$541.1M volume
BROKER

John Pentore
Horvath & Tremblay
97 deals$560.2M volume
BROKER

Yun Peng
1 deal$7.2M volume
BROKER

Torrington Properties
SELLER

Details

SOLD
IMAGE: Dennis Kelleher, John Pentore & Yun Peng DATE: 06/29/2023 ADDRESS: 81-91 Winter Street MARKET: Cambridge, MA ASSET TYPE: MultiFamily BUYER: Boston Consulting & Management SELLER: KRE Corp (@KRECorp) & Torrington Properties (@TorringtonProperties) BUYER'S REP: Yun Peng - New Century Realty SELLER'S REP: Dennis Kelleher & John Pentore - Horvath & Tremblay SALE PRICE: $7,200,000 UNITS: 13 ~ PPU: $553,846 SF: 12,580 ~ PPSF: $572

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$384,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08