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

Property Image
SOLD
$1,150,000

Massachusetts

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MultiFamily3,144 SF
Sold 03/09/2021
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Property Image
SOLD

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

11 Grand View Avenue, Somerville, MA, USA

See Similar Deals
MultiFamily3,144 SF
Sold 03/09/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$365
Total Square Footage:3,144 SF
Transaction Type:Sale

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
3 deals$3.8M volume
BROKER

Details

SOLD
IMAGE: John Buccelli DATE: 03/09/2021 ADDRESS: 11 Grand View Avenue MARKET: Somerville, MA ASSET TYPE: Multifamily SELLER'S REP: John Buccelli - Berkshire Hathaway HomeServices Verani Realty BUYER'S REP: True Home Partners - Compass SALE PRICE: $1,150,000 SF: 3,144 ~ PPSF: $366

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
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