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
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.
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