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22 White Street

Updated Oct 28, 2024

Contempo Builders Acquires Development Site On White Street In Cambridge For $1.45M
SOLDDevelopment Site

Contempo Builders Acquires Development Site On White Street In Cambridge For $1.45M

22 White Street

$1,450,000

$467/SF

Building Size

3,100 SF

Asset Type

Development Site

Closing

Oct 14, 2022

About this deal

AI

An development site located at 22 White Street in Cambridge, MA has been sold in a recent transaction. The property was purchased by Contempo Builders at a sale price of $1,450,000. The development site has a building square footage of 6,000, resulting in a price per building square footage of $242. The total land square footage is 3,100, with a price per square footage of $468.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,450,000
  • Address: 22 White Street, Cambridge, MA
  • Market: Cambridge, MA
  • Buyer: Contempo Builders
  • Seller: Beverly Lee
  • Brokers: Ryan Taylor & Anthony Coppola - Coldwell Banker
  • Building Square Footage: 6,000
  • Price per Building Square Footage: $242
  • Land Square Footage: 3,100
  • Price per Square Footage: $468

The transaction was facilitated by brokers Ryan Taylor and Anthony Coppola from Coldwell Banker. They represented both the buyer, Contempo Builders, and the seller, Beverly Lee.

On the Map

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$1,450,000

$467/SF

Development Site

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Players

Ryan Taylor

Fortune Realty

Broker

$163.3M

vol

42 deals

Broker

Cambridge Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $467 per square foot on a published $1.5M for 3,100 square feet (2022).

Visit Anthony Coppola to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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