Updated Feb 18, 2025
Michael Grill Purchases Office Condo At 1035 Cambridge Street From Just A Start For $1.275M
1035 Cambridge Street
$1,275,000
$430/SF
Building Size
2,961 SF
Asset Type
Office
Closing
Feb 12, 2025
About this deal
AI
The property involved in this transaction is an office space located at 1035 Cambridge Street, Cambridge, MA. The asset, which encompasses a total of 2,961 square feet, was sold for a price of $1,275,000, translating to a price per square foot of $431.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,275,000
- Buyer: Michael Grill
- Seller: Just A Start
- Brokers: Leigh Freudenheim & Ellen Fantini Cullinan - Freudenheim Partners
This transaction involved the sale of the office condo by Freudenheim Partners on behalf of the nonprofit organization Just A Start, indicating engagement in the local nonprofit sector. Michael Grill, representing the buying party, completed the purchase of the property.
Players
Cambridge Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
About $430 per square foot on a published $1.3M for 2,961 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93