Sisy Qu Of EXP Realty Represents Buyer In $4.25M Sale Of Multifamily Property In Somerville

The property involved in this transaction is a multifamily asset located at 1 Beacon Street in Somerville, MA. It was sold for $4,250,000, featuring a total square footage of 6,812. The price per square foot is $624, and it offers a 6.70% cap rate along with rental upside potential. The asset consists of six units, which includes four residential units with four bedrooms and two bathrooms each, as well as two commercial units that are fully renovated with high-end finishes. The commercial tenants are secured with long-term leases.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,250,000
• Address: 1 Beacon Street
• Market: Somerville, MA
• Square Footage: 6,812
• Price per Square Foot: $624
• Cap Rate: 6.70%
• Rental Upside: Yes
• Buyer’s Representative: Sisy Qu - EXP Realty
• Seller’s Representative: John Pentore - Horvath & Tremblay

This transaction involved the representation of the buyer by Sisy Qu from EXP Realty, while the seller was represented by John Pentore from Horvath & Tremblay. This collaboration between the representatives ensured a smooth negotiation process for both parties involved in this multifamily property transaction.