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John M. Corcoran & Company Acquires Mixed-Use Property At 929 Massachusetts Avenue For $53.6M
SOLD
$53,600,000
+ 2
Massachusetts
See Similar DealsMixed-use
Sold 02/23/2026
SOLD
John M. Corcoran & Company Acquires Mixed-Use Property At 929 Massachusetts Avenue For $53.6M
929 Massachusetts Avenue
See Similar DealsMixed-use
Sold 02/23/2026
+ 2
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Sale
The asset involved in this transaction is a mixed-use property located at 929 Massachusetts Avenue, Cambridge, MA. This property consists of two buildings and was sold for $53,600,000. The mixed-use designation indicates that the property accommodates both residential and commercial uses.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $53,600,000
- Buyer: John M. Corcoran & Company
- Brokerage Firm: Walker & Dunlop
- Brokers Involved: Travis D’Amato, Michael Coyne, Brendan Shields, Kevin Gleason & Maggie McFarland
- Market: Cambridge, MA
The deal was executed with an undisclosed institutional seller who sold the property to John M. Corcoran & Company. The transaction was facilitated by the brokerage firm Walker & Dunlop, which played a pivotal role in the closing process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,858,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$190,429.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$254,091.35
Annual Debt Service$3,049,096.15
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