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A rare and exceptional investment opportunity in one of the most desirable locations near Harvard University, Fresh Pond Recreation, and vibrant local shopping and dining. This property features a pre-existing three-story building spanning over 9, 000 square feet, offering a dynamic mix of commercial and residential spaces. The first two floors boast 4, 760 square feet of commercial space, while the upper levels showcase three residential units, including a stunning SOHO-style loft on the third floor. This luxury residence redefines urban living with its expansive layout and spa-inspired design, offering a refined retreat in the heart of Cambridge. The parcel also includes over 5, 000 square feet of land, primed and ready for development. Whether your vision is to expand, reimagine, or create entirely new spaces, this property’s strategic location and scale provide endless opportunities. Being sold with 138-140 Huron Ave for $21MM and almost 20, 000/SF of land to be built to 6 stories.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$10,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $8,400,000 | $8,400,000 | $8,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.031% | 5.846% |
| Monthly Tax Payment | $1,952 | $1,952 | $1,952 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $46,385 | $49,689 | $69,193 |
| Total Monthly Payment | $48,462 | $51,766 | $71,270 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.