Construction has wrapped on the six-story, 46-unit Ten Essex apartment complex at Massachusetts Avenue and Essex Street just off the Red Line in Cambridge’s Central Square.
What’s more, the building’s three studios—which started at $2,500 a month—are all leased, and its 10 one-bedrooms—which start at $3,400 a month—are going fast, according to developers 3MJ Realty and the Naggar family. Gibson Sotheby’s is handling the leasing, and Nauset Construction was the builder.
There are also 19 two-bedrooms in Ten Essex and 14 three-bedrooms. Those start at $3,700 and $5,800, respectively. Five units—one one-bedroom, two two-bedrooms, and two three-bedrooms—have been designated as affordable. Each apartment is furnished with modern appliances and a washer-dryer, and 18 of the apartments have balconies. There is shared outdoor deck and courtyard.
“The on-site and neighborhood amenities, combined with convenient access to transportation to universities and employment centers, is generating a high level of interest in Ten Essex,” Gibson Sotheby’s Sarah Rodewald said in a release. “The building was just completed this summer, and we’ve already leased over half of the units.”
And, should anyone clutch pearls at the rents offered and taken for the building adjacent to Central’s busy H Mart, know that such sums are common for Cambridge. The city has long hosted some of the highest rents in the Boston region, if not the United States. There are reasons for this.