Selling a Development Opportunity in Porter Square

Many landlords in Cambridge believe they have an excellent development opportunity on their hands. The reality is, if you own a multi-family in Porter Square, there’s a high chance it will be sold as a multi-family and not a development opportunity.

Of course there are exceptions to this - if you own a property on a large lot, as in 7,500 square feet or larger, there is a chance that we could sell it as a development. And selling as a development often will yield 50% or higher sales prices compared to selling as a straight up buy and hold investment.

So if you own a property on a large lot of land, whether a single family or multi-family, make sure you do your homework to ensure you aren’t leaving substantial money on the table. Give me a ring and we can talk through your unique property and unique situation. My cell is 617-833-7457!