Updated Sep 9, 2024
Denkar Realty Group Acquires Multifamily Property In Somerville, MA For $1.38M
118 Josephine Avenue, Somerville, Massachusetts 02144, United States
$1,380,000
$403/SF
Building Size
3,418 SF
Asset Type
MultiFamily
Closing
Apr 21, 2022
About this deal
AI
A multifamily property located at 118 Josephine Ave in Somerville, MA was recently sold for a total of $1,380,000. The property has a total square footage of 3,418, resulting in a price per square foot of $404. The sale took place on 04/22/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,380,000
- Address: 118 Josephine Ave, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Sammy Chen from Denkar Realty Group, while the seller's representative was Anne Fantasia from Gibson Sotheby's International Realty.
On the Map
$1,380,000
$403/SF
MultiFamily
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Players
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
11.49%
Cash-on-Cash
-3.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93