Cushman & Wakefield Represents Seller In $18.2 Million Multifamily Sale In Cambridge, MA
37 Wendell Street
$18,200,000
$605/SF
Building Size
30,050 SF
Asset Type
MultiFamily
Closing
Sep 30, 2025
AI
The property asset located at 37-41 Wendell Street in Cambridge, MA, is a multifamily asset consisting of 33 units. The sale price for the transaction was $18,200,000, which reflects a price per unit of $551,515. The total square footage of the building is 30,050, resulting in a price per square foot of $605.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $18,200,000
- Units: 33
- Price Per Unit: $551,515
- Square Footage: 30,050
- Price Per Square Foot: $605
- Seller's Representatives: Christopher Sower, Bruce Lusa, Mary VanNatta, Julie Regan, An Nguyen & Ryan Mowery - Cushman & Wakefield
- Date of Transaction: 10/1/2025
The transaction involved several representatives from Cushman & Wakefield, specifically Christopher Sower, Bruce Lusa, Mary VanNatta, Julie Regan, An Nguyen, and Ryan Mowery, who represented the seller in this multifamily property sale.
Players
Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93