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87 New St
Cambridge, MA 02138
Park 87 · Multifamily Property For Sale
·
54 Units
Investment Highlights
- Adjacent to the Fresh Pond Mall shopping center
- Short walk to Alewife T-Station
- Energy Efficient
- Across the street from beautiful Danehy Park
- New Construction
- Highly desirable Location in Cambridge's Peabody/Neighborhood Nine neighborhood
Executive Summary
seller open to fee simple, ground lease, or best offer
Property Facts
| Price Per Unit | $703,704 | Lot Size | 0.69 AC |
| Sale Type | Investment | Building Size | 58,474 SF |
| No. Units | 54 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2010 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.33/1,000 SF |
| Building Class | A | ||
| Zoning | IA1 | ||
| Price Per Unit | $703,704 |
| Sale Type | Investment |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.69 AC |
| Building Size | 58,474 SF |
| Average Occupancy | 89% |
| No. Stories | 4 |
| Year Built | 2010 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | IA1 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Double Vanities
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Freezer
- Intercom
- Pantry
- Recreation Room
- Smoke Free
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
Site Amenities
- Controlled Access
- Clubhouse
- Security System
- Tenant Controlled HVAC
- Grill
- Guest Apartment
- Wheelchair Accessible
- Walking/Biking Trails
- Bicycle Storage
- Elevator
- Multi Use Room
- Public Transportation
- Individual Locking Bedrooms
- Individual Leases Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 23 | - | 758 - 768 |
| 2+1.5 | 6 | - | 859 |
| 2+2 | 10 | - | 927 - 1,043 |
| 3+2 | 15 | - | 1,173 |
Property Taxes
| Parcel Number | CAMB-000264-000000-000097 | Improvements Assessment | $24,453,300 |
| Land Assessment | $7,341,200 | Total Assessment | $31,794,500 |
Property Taxes
Parcel Number
CAMB-000264-000000-000097
Land Assessment
$7,341,200
Improvements Assessment
$24,453,300
Total Assessment
$31,794,500
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