Equity Residential Sells 16-Story Multifamily Tower In Cambridge For $53.65 Million

The property asset involved in this transaction is a 16-story apartment tower located at 929 Massachusetts Avenue, Cambridge, MA. The multi-family asset was sold for $53.65 million, consisting of 127 residential units, resulting in a price per unit of $422,441.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $53,650,000
• Units: 127
• Price Per Unit: $422,441
• Seller: Mark J. Parrell - Equity Residential
• Lender: Walker & Dunlop

The transaction highlights key individuals and companies involved in the deal. Mark J. Parrell represented Equity Residential as the seller. Walker & Dunlop provided financing totaling $37.1 million for this property, which is strategically positioned between Harvard and Central Square.