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:
- Property Type: Multifamily Development
- Transaction Amount: $8,500,000
- Square Footage: 12,425
- Price Per Square Foot: $684
- Market: Cambridge, MA
- Seller's Representatives: Christopher Sower, Bruce Lusa, Ryan Mowery, An Nguyen, Mary VanNatta, Julie Regan, Andrew Herald - Cushman & Wakefield
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
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