facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

13 Pennsylvania Ave, Somerv...

Red Tree Real Estate Sells Multifamily Property In Somerville, MA For $1.2M
SOLDMultiFamily

Red Tree Real Estate Sells Multifamily Property In Somerville, MA For $1.2M

13 Pennsylvania Ave, Somerville, Massachusetts, USA

$1,200,000

$352/SF

Building Size

3,406 SF

Asset Type

MultiFamily

Closing

Apr 14, 2021

AI

The multifamily property located at 13 Pennsylvania Ave in Somerville, MA was recently sold for $1,200,000. The property spans 3,406 square feet, resulting in a price per square foot of $352. The sale took place on April 15, 2021. The transaction was facilitated by Arthur Deych of Red Tree Real Estate.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 13 Pennsylvania Ave, Somerville, MA
  • Market: Somerville, MA
  • Square Footage: 3,406
  • Price per Square Foot: $352
  • Transaction Date: April 15, 2021

The deal was brokered by Arthur Deych of Red Tree Real Estate. He represented the parties involved in the transaction, ensuring a successful sale of the multifamily property.

Players

Arthur Deych

Red Tree Real Estate

Broker

$5.6M

vol

4 deals

Broker

Somerville 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93