Updated Sep 9, 2026
DND Homes Acquires Development Site In Cambridge From Jose Garcia For $3.3M
404 Putnam Avenue
$3,300,000
$533/SF
Building Size
6,186 SF
Asset Type
Development Site
Closing
Sep 3, 2026
About this deal
AI
The property asset involved in this transaction is a development site located at 404 Putnam Avenue in Cambridge, MA. The transaction was completed for a total amount of $3,300,000. The asset encompasses a total square footage of 6,186 with a price per square foot calculated at $533.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,300,000
- Buyer: DND Homes
- Seller: Jose Garcia
- Broker Representatives: John Maggio, David Kashian - Evo Real Estate Group & Yassien Youssef - Compass
This transaction involves the development of 13 residential units, with funding provided by Joseph Cucuzza of @origin_funding.
Players
Cambridge Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Jose Garcia to view all their deals.
Browse Cambridge development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93