DND Homes Purchases Multifamily Assets From Anthony Spears For $8.8 Million In Cambridge MA

The transaction involves a multifamily asset located at 122 Western Avenue, 124 Western Avenue & 132 Western Avenue in Cambridge, MA. The sale price for the three contiguous sites was $8,800,000, with a total square footage of 14,719, translating to a price per square foot of $598.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,800,000
• Address: 122 Western Avenue, 124 Western Avenue & 132 Western Avenue
• Market: Cambridge, MA
• SF: 14,719
• PPSF: $598
• Buyer: DND Homes
• Seller: Anthony Spears
• Seller's REP: Lance Greene - Compass
• Broker: Yassien Youssef - Compass

This transaction celebrates DND Homes' significant achievement of assembling three sites to create 120 new units, aligning with Cambridge's newly adopted zoning regulations. The effort involved overcoming various historic considerations and collaborating closely with city officials.