A mixed-use property located at 660-674 Cambridge Street, Cambridge, MA, has been sold. The asset consists of 14 residential and commercial units and was sold for $8,650,000, reflecting a cap rate of 5.94%. The property is fully occupied and features high-quality finishes. It is situated near major transit lines and prominent Boston landmarks.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $8,650,000
• Units: 14
• Price Per Unit: $617,857
• Seller: Bruce A. Percelay - The Mount Vernon Company
• Brokers: Dennis Kelleher & John Pentore - Horvath & Tremblay

Dennis Kelleher and John Pentore, representatives from Horvath & Tremblay, facilitated the sale of this mixed-use property, showcasing their expertise in handling such transactions in the Cambridge market.