Elan Sassoon Of SMT Development Acquires Development Site In Cambridge For $2.54M

The asset involved in this transaction is a development site located at 96 Jackson Street, Cambridge, MA. The sale price was $2,540,000, reflecting a base square footage (BSF) of 10,000 and a price per base square foot (PPBSF) of $254. The site has a total square footage (SF) of 3,500, translating to a price per square foot (PPSF) of $725.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,540,000
• Address: 96 Jackson Street
• Market: Cambridge, MA
• Base Square Footage: 10,000
• Price per Base Square Foot: $254
• Total Square Footage: 3,500
• Price per Square Foot: $725
• Buyer: Elan Sassoon - SMT Development
• Seller: Scott Zink - ZRE Development
• Brokers: Ryan Taylor, Brayden Haney & Justin Pepple - Fortune Realty

This transaction was facilitated by the brokers Ryan Taylor, Brayden Haney, and Justin Pepple representing both the buyer and the seller. Elan Sassoon is associated with SMT Development, while Scott Zink represents ZRE Development in this deal.