Riverfront Realtors Acquires Multifamily Property In Cambridge, MA For $4.3M
93 Thorndike Street, Cambridge, Massachusetts 02141, United States
$4,296,675
$491/SF
Building Size
8,737 SF
Asset Type
MultiFamily
Closing
Aug 4, 2022
AI
Located at 93 Thorndike St in Cambridge, MA, this multifamily property was recently sold in a closed transaction. The sale took place on 08/05/2022, with the total sale price amounting to $4,296,675. The property spans across 8,737 square feet, resulting in a price per square foot of $492.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,296,675
- Address: 93 Thorndike St, Cambridge, MA
- Market: Cambridge, MA
The buyer's representative in this transaction was Gregory McCarthy from Riverfront Realtors, while the seller's representative was Todd Movsessian from Barrett Sotheby's International Realty. Todd Movsessian was also responsible for capturing the image accompanying this article. These real estate professionals played pivotal roles in facilitating the sale of this multifamily property in Cambridge, MA.
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
3.69%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93