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Investment Highlights

  • Close to Kendall Square, Public Transportation, Shopping
  • Open Floorplan, may be able to convert to residential
  • ADA compliant access

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit B
  • 1,363 SF
  • Flex
  • $1,099,488 CAD ($806.67 CAD/SF)
  • $36,328.51 CAD
Sale Type Investment or Owner User
Cap Rate 3.30%
Description
Rare opportunity in Cambridge! This perfectly located commercial condo is located within the highly regarded 1 First building, close to everything you could need. Very near to public transportation, this property perfectly mingles commercial use with luxury residential. The first floor placement allows easy and private access, and its framework is wide open, with multiple windows and high ceilings. Full use of elevator, loading area, and concierge services. Use as is, lease out productively, or convert to residential and build out a beautiful unit that fits beautifully within this elegant building.
Sale Notes
Prime development opportunity in a luxury building.  Conversations with city and HOA have been positive, so conversion to residential is a strong possibility.   Keep or convert, up to you!
Unit Unit Size Condo Use Price NOI
Unit B 1,363 SF Flex $1,099,488 CAD ($806.67 CAD/SF) $36,328.51 CAD

Unit B

Unit Size
1,363 SF
Condo Use
Flex
Price
$1,099,488 CAD ($806.67 CAD/SF)
NOI
$36,328.51 CAD

Unit B

Unit Size 1,363 SF
Condo Use Flex
Price $1,099,488 CAD ($806.67 CAD/SF)
NOI $36,328.51 CAD
Sale Type Investment or Owner User
Cap Rate 3.30%
Description
Rare opportunity in Cambridge! This perfectly located commercial condo is located within the highly regarded 1 First building, close to everything you could need. Very near to public transportation, this property perfectly mingles commercial use with luxury residential. The first floor placement allows easy and private access, and its framework is wide open, with multiple windows and high ceilings. Full use of elevator, loading area, and concierge services. Use as is, lease out productively, or convert to residential and build out a beautiful unit that fits beautifully within this elegant building.</li></ul>
Sale Notes
Prime development opportunity in a luxury building.&nbsp;&nbsp;Conversations with city and HOA have been positive, so conversion to residential is a strong possibility.&nbsp;&nbsp; Keep or convert, up to you!</li></ul>

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 1,363 SF
Property Type Flex (Condo)
Building Class A
Floors 1
Typical Floor Size 1,363 SF
Year Built 2008
Tenancy Single
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100

Major Tenant Information

TENANT SF Occupied LEASE END DATE
Caterstaff 1,363 SF November 2026
  • Listing ID: 40005199

  • Date on Market: 2026-04-02

  • Last Updated:

  • Address: 120 Cambridge St, Cambridge, MA 02141

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