RTN Realty Advisors Acquires Multifamily Property On Highland Avenue In Somerville
108 Highland Avenue, Somerville, MA, USA
$1,585,000
$418/SF
Building Size
3,791 SF
Asset Type
MultiFamily
Closing
Feb 15, 2021
AI
A multifamily property located at 108 Highland Avenue in Somerville, MA was recently sold for a price of $1,585,000. The property spans a total of 3,791 square feet, resulting in a price per square foot of $418. The sale took place on February 16, 2021, and the transaction was facilitated by broker Steve Visco and Gentile Visco Group from RTN Realty Advisors LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,585,000
- Square Footage: 3,791
- Price per Square Foot: $418
- Address: 108 Highland Avenue, Somerville, MA
- Market: Somerville, MA
The successful sale of this multifamily property was made possible through the efforts of broker Steve Visco and Gentile Visco Group from RTN Realty Advisors LLC. They played a crucial role in facilitating the transaction, representing the involved parties throughout the deal.
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.01%
Cash-on-Cash
-2.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93