Updated Dec 20, 2023
Coldwell Banker Realty Acquires Multifamily Property In Somerville, MA For $1.65M
14 Grand View Avenue, Somerville, Massachusetts 02143, United States
$1,650,000
$541/SF
Building Size
3,046 SF
Asset Type
MultiFamily
Closing
May 18, 2022
About this deal
AI
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.
On the Map
$1,650,000
$541/SF
MultiFamily
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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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93