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.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93