facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

11 Grand View Avenue, Somer...

Berkshire Hathaway HomeServices Verani Realty Acquires Multifamily Property In Somerville, MA For $1.15M
SOLDMultiFamily

Berkshire Hathaway HomeServices Verani Realty Acquires Multifamily Property In Somerville, MA For $1.15M

11 Grand View Avenue, Somerville, MA, USA

$1,150,000

$365/SF

Building Size

3,144 SF

Asset Type

MultiFamily

Closing

Mar 8, 2021

AI

An multifamily property located at 11 Grand View Avenue in Somerville, MA has been sold for $1,150,000. The property spans 3,144 square feet with a price per square foot of $366.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Address: 11 Grand View Avenue, Somerville, MA
  • Market: Somerville, MA
  • Seller's Rep: John Buccelli - Berkshire Hathaway HomeServices Verani Realty
  • Buyer's Rep: True Home Partners - Compass
  • Square Footage: 3,144
  • Price Per Square Foot: $366

The transaction was facilitated by the seller's representative, John Buccelli of Berkshire Hathaway HomeServices Verani Realty, and the buyer's representative, True Home Partners of Compass.

Players

John Buccelli

Berkshire Hathaway HomeServices

Broker

$3.8M

vol

3 deals

Broker

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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93