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The Maria Fabiano Team And Katie Malin Facilitate $1.7M Sale Of Multifamily Property In Somerville
SOLD
$1,700,000
Massachusetts
See Similar DealsMultiFamily5,740 SF
Sold 03/13/2024
SOLD
The Maria Fabiano Team And Katie Malin Facilitate $1.7M Sale Of Multifamily Property In Somerville
14 Malvern Avenue & 16 Malvern Avenue
See Similar DealsMultiFamily5,740 SF
Sold 03/13/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$296
Total Square Footage:5,740 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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