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108 Highland Avenue, Somerv...

RTN Realty Advisors Acquires Multifamily Property On Highland Avenue In Somerville
SOLDMultiFamily

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.

Players

Stephen Visco

RTN Realty Advisors

Broker

$4.2M

vol

3 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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