Updated Dec 4, 2024
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
2,870 SF
Asset Type
MultiFamily
Closing
Mar 13, 2024
About this deal
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.
The multifamily sale at 14 Malvern Avenue in Somerville, Massachusetts sold for $1.7M in 2024. The building is 5,740 square feet, implying about 296 per square foot on the published price. Katie Malin, Compass appear on the sale alongside Compass. This page is the Somerville, Massachusetts file for the 14 Malvern Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 14 Malvern Avenue around 2024. Published consideration for 14 Malvern Avenue is $1.7M, dated 2024. Cite this The Maria Fabiano Team And Katie Malin Facilitate $1.7M Sale Of Multifamily Property In Somerville sale when underwriting similar multifamily product around Somerville, Massachusetts.
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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