Cambridge Housing Authority Purchases Multifamily Asset From Lesley University For $8.1M

The multifamily property located at 16-18 Wendell Street in Cambridge, MA, has been sold for a total price of $8,100,000. The asset comprises 24 units, offering approximately 12,300 square feet, resulting in a price per unit of $337,500 and a price per square foot of $659.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,100,000
• Address: 16-18 Wendell Street
• Market: Cambridge, MA
• Units: 24
• Square Footage: 12,300
• Price Per Unit: $337,500
• Price Per Square Foot: $659
• Buyer: Cambridge Housing Authority
• Seller: Lesley University
• Brokers: Christopher Sower, Bruce Lusa, Jonathan Bryant, John Flaherty, Kevin Jones, Mary VanNatta & Julie Regan - Cushman & Wakefield

The transaction involved key representatives from Cushman & Wakefield, specifically Christopher Sower, Bruce Lusa, Jonathan Bryant, John Flaherty, Kevin Jones, Mary VanNatta, and Julie Regan, who facilitated the process on behalf of both parties involved in the sale.