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14 Tufts Street

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

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

YY
Verified Badge

Yassien Youssef

Compass

Broker

$38.6M

vol

5 deals

Broker

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