Press Releases
Marcus & Millichap Arranges Sale of Cambridge Multifamily Asset Across the Street from Harvard University
April 15, 2026
BOSTON, April 15, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 23-25 Hammond Street, a 10-unit multifamily property in Cambridge, Massachusetts. The asset sold for $6,550,000.
“This property represents a rare opportunity, coming to market for the first time in over a century; the epitome of a true trophy asset with ten large units and significant value-add potential,” said Evan Griffith, senior managing director. “Located directly across from Harvard University in the highly sought-after Agassiz neighborhood, this property benefits from exceptional access to amenities and transit, which drives strong rental demand from students and faculty,” added Tony Pepdjonovic, senior managing director.
Griffith and Pepdjonovic of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.
Located in Cambridge’s Agassiz neighborhood, the property is within walking distance of Harvard Square and the MBTA Red Line station. Built in 1925, the building spans more than 13,000 square feet and includes five off-street parking spaces. The unit mix includes one-, two- and five-bedroom apartments, with demand supported by its proximity to a major academic institution as well as surrounding retail, dining and transit.
“This property represents a rare opportunity, coming to market for the first time in over a century; the epitome of a true trophy asset with ten large units and significant value-add potential,” said Evan Griffith, senior managing director. “Located directly across from Harvard University in the highly sought-after Agassiz neighborhood, this property benefits from exceptional access to amenities and transit, which drives strong rental demand from students and faculty,” added Tony Pepdjonovic, senior managing director.
Griffith and Pepdjonovic of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.
Located in Cambridge’s Agassiz neighborhood, the property is within walking distance of Harvard Square and the MBTA Red Line station. Built in 1925, the building spans more than 13,000 square feet and includes five off-street parking spaces. The unit mix includes one-, two- and five-bedroom apartments, with demand supported by its proximity to a major academic institution as well as surrounding retail, dining and transit.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
