Updated Oct 6, 2026
Allen Shlayen Purchases Development Site From Steve Siuda For $2.75M In Cambridge MA
86 Lexington Avenue
$2,750,000
$727/SF
Building Size
3,779 SF
Asset Type
Development Site
Closing
Oct 2, 2026
About this deal
AI
86 Lexington Avenue, located in Cambridge, MA, is a development site intended for the construction of 9 luxury condo residences. The property spans 3,779 square feet and was sold for $2,750,000, which equates to a price per square foot of $727.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,750,000
- Square Footage: 3,779 SF
- Price Per Square Foot: $727
- Buyer: Allen Shlayen
- Seller: Steve Siuda
- Broker Representatives: John Maggio - Evo Real Estate Group & Yassien Youssef - Compass
John Maggio represented Evo Real Estate Group and Yassien Youssef represented Compass in the transaction, facilitating the sale between the buyer, Allen Shlayen, and the seller, Steve Siuda.
On the Map
$2,750,000
$727/SF
Development Site
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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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93