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12 Connecticut Avenue

Apex Realty Group, LLC Sells Two Multifamily Properties In Somerville, MA For $1.3M
SOLDMultiFamily

Apex Realty Group, LLC Sells Two Multifamily Properties In Somerville, MA For $1.3M

12 Connecticut Avenue & 14 Connecticut Avenue

$1,300,000

$200/SF

Building Size

6,486 SF

Asset Type

MultiFamily

Closing

Aug 25, 2023

AI

Two multifamily properties located at 12 Connecticut Avenue and 14 Connecticut Avenue in Somerville, MA, have been sold for a total of $1,300,000. The combined properties offer 3,243 square feet of space at a price per square foot of $401. The transaction was facilitated by John Jay Raso of Apex Realty Group, LLC.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 12 Connecticut Avenue & 14 Connecticut Avenue, Somerville, MA
  • Market: Somerville, MA
  • Square Footage: 3,243
  • Price per Square Foot: $401
  • Broker: John Jay Raso - Apex Realty Group, LLC

John Jay Raso of Apex Realty Group, LLC played a key role as the broker in this transaction, overseeing the sale of the two multifamily properties in Somerville, MA. The deal was successfully closed at a price of $1,300,000, covering a total area of 3,243 square feet at a price per square foot of $401.

Players

John Jay Raso

Broker

$2.4M

vol

2 deals

Broker

Joliet MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93