Denkar Realty Group Acquires Multifamily Property In Somerville, MA For $1.38M
SOLD
$1,380,000
Massachusetts
See Similar DealsMultiFamily3,418 SF
Sold 04/22/2022
SOLD
Denkar Realty Group Acquires Multifamily Property In Somerville, MA For $1.38M
118 Josephine Avenue, Somerville, Massachusetts 02144, United States
See Similar DealsMultiFamily3,418 SF
Sold 04/22/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$403
Total Square Footage:3,418 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,902.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,541.90
Annual Debt Service$78,502.85
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