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

Property Image
SOLD
$1,300,000

Massachusetts

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MultiFamily6,486 SF
Sold 08/25/2023
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SOLD

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

12 Connecticut Avenue & 14 Connecticut Avenue

See Similar Deals
MultiFamily6,486 SF
Sold 08/25/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:6,486 SF
Transaction Type:Sale

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

2 deals$2.4M volume
BROKER

Details

SOLD
IMAGE: John Jay Raso DATE: 08/25/2023 ADDRESS: 12 Connecticut Avenue & 14 Connecticut Avenue MARKET: Somerville, MA ASSET TYPE: Multifamily BROKER: John Jay Raso - Apex Realty Group, Llc (@ApexSold) SALE PRICE: $1,300,000 SF: 3,243 ~ PPSF: $401 NOTE: Two multifamily properties located at 12 Connecticut Avenue and 14 Connecticut Avenue in Somerville, MA, were 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, with John Jay Raso of Apex Realty Group, LLC serving as the broker for the transaction.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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