Coldwell Banker Realty Acquires Multifamily Property In Somerville, MA For $1.65M
SOLD
$1,650,000
Massachusetts
See Similar DealsMultiFamily3,046 SF
Sold 05/19/2022
SOLD
Coldwell Banker Realty Acquires Multifamily Property In Somerville, MA For $1.65M
14 Grand View Avenue, Somerville, Massachusetts 02143, United States
See Similar DealsMultiFamily3,046 SF
Sold 05/19/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$541
Total Square Footage:3,046 SF
Transaction Type:Sale
The multifamily property located at 14 Grand View Ave in Somerville, MA has been sold for a total price of $1,650,000. The property spans a total of 3,046 square feet, resulting in a price per square foot of $542.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 14 Grand View Ave, Somerville, MA
- Market: Somerville, MA
The buyer in this transaction was represented by Margo Delaney from Coldwell Banker Realty in Cambridge. Meanwhile, Ronald Ponte from Ponte Realty acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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