56 Elm St #3

** NOTE: Due to a surge of interest in renting this apt (60 inquires and 10 applications submitted in the past week), we must review currently interested tenants before scheduling any additional apt viewings or accepting further prospective applicants. ** A partially-furnished 1389 sq feet penthouse loft (1.5 BR and 2 bathrooms), a few blocks from Central Square with fabulous views of the city. * Building exterior & interiors completely rehabbed. The gourmet kitchen has maple cabinets, granite counters and stainless steel appliances. * High ceilings, 40 ft open plan fireplaced living/dining and kitchen with hardwood floors. Master bathroom has Corian counters and limestone surround on the Jacuzzi tub. Alcove can be used as a bedroom or study. * The condo is spacious, modern and clean, while furniture provided in the condo is primarily a large dining table with 6 chairs and 2 high-chair bar stools for the eat-in kitchen counter. * Newly installed in-unit laundry (washer/dryer), dishwasher and microwave with central air/heating and large storage in basement. * Wireless internet access & cable TV available (service fee required) and security system with intercom (will need to be upgraded soon). * The condo is on the 3rd floor of a 3-unit condominium. Grocery stores, restaurants, parks, Kendall Square and Central-Sq T stop all within a 5 min walk. * Across the street from Lamplighter Brewing Co. and Judy's Bay Japanese restaurant, Oleana Mediterranean restaurant, and a 5 min walk to Whole Foods Market on Prospect St. * Parking spot available behind the building, as well as ample street parking in a largely residential area. Secure basement storage provided, including for bikes ($150 required monthly fee). * The building is self-managed by the owners (just 3 of us) and we are highly responsive and have invested in keeping the building in great shape (new HVAC installed, building facade upgraded, water heaters replaced regularly etc). We keep all costs manageable by not contracting an external management company. However, we expect tenants to undertake general responsibilities for regular upkeep, communal duties and maintenance, while offering support and reimbursement for any unexpected expenses. The current tenant, an MIT Professor, has lived here comfortably for many years and has taken very good care of the apartment. The monthly rent is $3,900 including all condo fees. A full deposit of one month's rent is expected upon signing the lease. Utilities are separate and should be handled by the tenant (around $300-$400 per month). An annual 5% rent increase is customary to handle condo/building maintenance expenses. Lease must begin July 2nd, 2026 onward though the move-in date is flexible. A minimum 12 month sublet is required and renewable multi-year agreement preferable. I'm currently living abroad, but I'd be happy to chat on the phone and have my current tenant arrange a time to show you the place if needed. Please share any further background info. about yourself, your interest in the apt, and any previous references in advance. Nitin Sawhney, Ph.D., MIT Media Lab alum