Just A Start Acquires Multifamily Property From Lesley University For $10.5 Million In Cambridge MA
SOLD
$10,500,000
+ 4
Massachusetts
See Similar DealsMultiFamily50,554 SF
Sold 11/27/2024
SOLD
Just A Start Acquires Multifamily Property From Lesley University For $10.5 Million In Cambridge MA
1826 Massachusetts Avenue & 1840 Massachusetts Avenue
See Similar DealsMultiFamily50,554 SF
Sold 11/27/2024
+ 4
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$207
Total Square Footage:50,554 SF
Transaction Type:Sale
The multifamily property located at 1826-1840 Massachusetts Avenue in Cambridge, MA was sold for $10,500,000. The asset encompasses a total space of 25,277 square feet, equating to a price per square foot of $415.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Address: 1826-1840 Massachusetts Avenue
- Market: Cambridge, MA
- Square Footage: 25,277
- Price Per Square Foot: $415
- Buyer: Just A Start
- Seller: Lesley University
- Seller's Representatives: Christopher Sower, Bruce Lusa, John Flaherty, Jonathan Bryant, Kevin Jones, Julie Regan & Mary VanNatta - Cushman & Wakefield
This transaction involved the buyer, Just A Start, acquiring the property from the seller, Lesley University, with various individuals from Cushman & Wakefield representing the seller throughout the negotiation and closing process.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
Is there something missing? Send suggestions