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
$3,825,000
$431/SF
Building Size
8,863 SF
Asset Type
Development Site
Closing
May 31, 2026
AI
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
Cambridge Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93