Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has announced the sale of Ellery Apartments in Cambridge, Massachusetts, for $6.65 million. This 14-unit multifamily property, located at 84-86 Ellery Street in the heart of Harvard Square, marks its first sale in over 40 years. The transaction highlights the strong investor interest in Cambridge's prestigious neighborhoods. The buyer plans to leverage new zoning changes to expand the property's footprint and develop 20 high-end condominiums. Originally built in 1880, the building features a mix of one-bedroom units and studios, and is conveniently located near Harvard University and local amenities.
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