Marcus & Millichap Represents Seller In $6.55M Sale Of 10-Unit Multifamily In Cambridge

A 10-unit apartment building located at 23–25 Hammond Street in Cambridge, MA has been sold for a total price of $6.55 million. This property was on the market for the first time in over a century, reflecting its unique market position and the demand for multifamily assets in the area. The price per unit for this sale was approximately $655,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,550,000
• Units: 10
• Price Per Unit: $655,000
• Address: 23-25 Hammond Street
• Market: Cambridge, MA
• Brokers: Evan Griffith & Tony Pepdjonovic - Marcus & Millichap

This transaction involved Marcus & Millichap, who represented the seller and successfully secured a private buyer for the property. The expertise of Evan Griffith and Tony Pepdjonovic played a crucial role in facilitating this deal, highlighting their ability to navigate the complexities of the market.