Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,150,000
$365/SF
MultiFamily
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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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93