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93 Thorndike Street, Cambri...

Riverfront Realtors Acquires Multifamily Property In Cambridge, MA For $4.3M
SOLDMultiFamily

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

Gregory McCarthy

Broker

$19.6M

vol

13 deals

Broker

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