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1740 Massachusetts Avenue

Cushman & Wakefield Represents Seller In $8.5M Multifamily Development Sale In Cambridge MA
SOLDRetail

Cushman & Wakefield Represents Seller In $8.5M Multifamily Development Sale In Cambridge MA

1740 Massachusetts Avenue

$8,500,000

$562/SF

Building Size

15,120 SF

Asset Type

Retail

Closing

Oct 27, 2025

AI

The property asset involved in the transaction is a multifamily development located at 1740 Massachusetts Avenue in Cambridge, MA. The sale price of the property is $8,500,000, encompassing a total area of 12,425 square feet, which translates to a price per square foot of $684.

Summary of transation details:

The transaction involved key representatives from Cushman & Wakefield, who facilitated the sale. This team includes professionals Christopher Sower, Bruce Lusa, Ryan Mowery, An Nguyen, Mary VanNatta, Julie Regan, and Andrew Herald, all of whom played significant roles in the representation of the seller throughout the process.

Players

Bruce Lusa

Cushman & Wakefield

Broker

$899.9M

vol

62 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Cambridge Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93