SOLDMultiFamily
The Maria Fabiano Team And Katie Malin Facilitate $1.7M Sale Of Multifamily Property In Somerville
14 Malvern Avenue & 16 Malvern Avenue
$1,700,000
$296/SF
Building Size
5,740 SF
Asset Type
MultiFamily
Closing
Mar 13, 2024
AI
A multifamily property located at 14-16 Malvern Avenue in Somerville, MA, was sold for $1.7 million. The property spans 2,870 square feet, resulting in a price per square foot of $592.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Address: 14-16 Malvern Avenue
- Market: Somerville, MA
The Maria Fabiano Team of Maria Fabiano Realty represented the buyer, and Katie Malin of Compass represented the seller in the transaction.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93