Updated Dec 21, 2023
$1.43M Multifamily Sale In Somerville, MA With Buyers Rep Patricia Reilly RE/MAX Destiny And Sellers Rep Andrew Abu Andrew J. Abu Inc, Realtors®
116 Powder House Boulevard, Somerville, MA 02144
$1,430,000
$448/SF
Building Size
3,190 SF
Asset Type
MultiFamily
Closing
Nov 10, 2021
About this deal
AI
Located at 116 Powder House Blvd in Somerville, MA, this multifamily property was recently sold for a price of $1,430,000. The property spans across 3,190 square feet, resulting in a price per square foot of $448. The sale took place on November 10, 2021, with Andrew Abu of Andrew J. Abu Inc, Realtors® representing the seller, and Patricia Reilly of RE/MAX Destiny representing the buyer.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,430,000
- Address: 116 Powder House Blvd, Somerville, MA
- Market: Somerville, MA
- Square Footage: 3,190
- Price per Square Foot: $448
- Buyer's Representative: Patricia Reilly - RE/MAX Destiny
- Seller's Representative: Andrew Abu - Andrew J. Abu Inc, Realtors®
Andrew Abu of Andrew J. Abu Inc, Realtors® represented the seller in this transaction, while Patricia Reilly of RE/MAX Destiny represented the buyer. The sale of this multifamily property highlights the expertise and negotiation skills displayed by these experienced real estate professionals.
On the Map
$1,430,000
$448/SF
MultiFamily
View full map
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Patricia Reilly to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.09%
Cash-on-Cash
-3.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93