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Sal Oweis Purchases Development Site In Cambridge For $3,825,000 With John Maggio Of Evo Real Estate Group As Buyer's Rep

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SOLD
$3,825,000

Massachusetts

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Development Site8,863 SF
Sold 06/01/2026
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Property Image
SOLD

Sal Oweis Purchases Development Site In Cambridge For $3,825,000 With John Maggio Of Evo Real Estate Group As Buyer's Rep

14 Tufts Street

See Similar Deals
Development Site8,863 SF
Sold 06/01/2026
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Summary

MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$431
Total Square Footage:8,863 SF
Transaction Type:Sale

The transaction involves a development site located at 14 Tufts Street in Cambridge, MA, which was sold for $3,825,000. The property encompasses a total building square footage of 8,863 and a building square footage per square foot of $431. The site also has a total building size of 12,600 with a price per building square foot of $303.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,825,000
  • Building Square Feet: 12,600
  • Price per Building Square Foot: $303
  • Square Feet: 8,863
  • Price per Square Foot: $431
  • Buyer: Sal Oweis
  • Seller: Steve Mcevoy
  • Buyer's Representative: John Maggio - Evo Real Estate Group
  • Broker: Yassien Youssef - Compass

The deal was facilitated by John Maggio representing the buyer, Sal Oweis, and Yassien Youssef acting as the broker in the transaction, representing the interests involved in the sale without overlapping prior mentioned details.

Players

YY
4 deals$34.7M volume(617) 901-3377
BROKER

Details

SOLD
IMAGE: John Maggio & Yassien Youssef DATE: 6/1/2026 ADDRESS: 14 Tufts Street MARKET: Cambridge, MA ASSET TYPE: Development Site BUYER: Sal Oweis SELLER: Steve Mcevoy BUYER'S REP: John Maggio (@John_Maggio14) - Evo Real Estate Group (@EvoBoston) BROKER: Yassien Youssef (@Yassien__Youssef) - Compass (@Compass) SALE PRICE: $3,825,000 BSF: 12,600 ~ PPBSF: $303 SF: 8,863 ~ PPSF: $431

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,589.42
Cash-on-Cash Return-1.27%
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