Marcus & Millichap Sells 14-Unit Ellery Apartments In Harvard Square For $6.65M

The 14-unit Ellery Apartments is located at 86-84 Ellery Street in Cambridge, MA. The property was sold for $6,650,000, which translates to a price per unit of $475,000. The total building encompasses 12,574 square feet, resulting in a price per square foot of $529. This transaction marks the first transfer of the historic building in over 40 years.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $6,650,000
• Units: 14
• Price Per Unit: $475,000
• Square Footage: 12,574
• Price Per Square Foot: $529

The deal was facilitated by brokers Evan Griffith and Tony Pepdjonovic from Marcus & Millichap, who represented the transaction for the seller. The new owner plans to convert the property into 20 high-end condos, taking advantage of recent zoning changes.