Second-Floor Office
For Sale
Contact for pricing
26 New St # 2nd floor, Cambridge, MA 02138
Second-floor office suite with multiple offices, conference rooms, and a kitchen, plus five parking spaces.
Property Size3,000 SF
Price / SF$0.01
Days on Market201
Property Features for 26 New St # 2nd floor
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
5
Property subtype
Commercial
Zoning
IA-1
Lease Type
Net
Taxes and HOA fees
Annual Taxes
$37,707
Building Details
Building Size
3,000 SF
Year Built
1955
Listing Agency:
Keller Williams Realty Boston Northwest
(617) 497-8900
Listed By:
Patrick Verbeke
(617) 230-3638
Source:
Churchillprop
Added: Apr 5
Changed: Oct 20
Last Checked: Oct 20 at 6:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Boston Northwest
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Investment Insights
Based on property information with market context.
This 3,000-square-foot second-floor office suite is available for lease at 26 New Street. The layout includes two open offices, two conference rooms, and two offices, along with a kitchen. The suite is supported by five parking spaces.
Transit access is convenient, with the 74/78 bus stop located about 400 feet away, providing service to and from Harvard Square. The Alewife T station on the MBTA Red Line is approximately 0.7 miles from the property.
Transit access is convenient, with the 74/78 bus stop located about 400 feet away, providing service to and from Harvard Square. The Alewife T station on the MBTA Red Line is approximately 0.7 miles from the property.
Key Highlights
- 3,000 SF office suite on the 2nd floor at 26 New Street
- Layout includes 2 open offices, 2 conference rooms, 2 offices, and a kitchen
- 5 parking spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,065
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,321,300
$2.3M
Cap Rate 7%
$1,658,071
$1.7M
Cap Rate 9%
$1,289,611
$1.3M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$173.9K $57.96/SF
− Vacancy
−$19.1K −$6.38/SF
EGI
$154.8K $51.58/SF
− OpEx
−$38.7K −$12.90/SF
NOI
$116.1K $38.69/SF
Area
Cambridge, MA
Vacancy
11.00%
Lease Rate
$57.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,321,300
Cap Rate 7%
$1,658,071
Cap Rate 9%
$1,289,611
Alternative Uses
Best Use
Office B
$1.66M
$1.45M – $1.93M
NOI $116,065 @ 7.0% cap · market cap 464,260.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,900 @ 7.0% cap · market cap 647,600.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
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Business Placement
Demographics for 02138, MA
37,982
Population
16,132
Households
2.4
Avg Household Size
30
Median Age
86%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
14,067
Density / Sq Mi
$122,040
Median Household Income
$46,436
Median Earnings
$2,799
Median Rent
$1,088,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office suite with multiple offices, conference rooms, and a kitchen, plus five parking spaces.
Where is this office unit located?
The property is located at 26 New St # 2nd floor Cambridge, MA.
What are key features of this property?
This property features: 3,000 SF office suite on the 2nd floor at 26 New Street; Layout includes 2 open offices, 2 conference rooms, 2 offices, and a kitchen; 5 parking spaces included
