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14 Malvern Avenue

The Maria Fabiano Team And Katie Malin Facilitate $1.7M Sale Of Multifamily Property In Somerville
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

Katie Malin

Compass

Broker

$4.9M

vol

3 deals

Broker

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