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14 Vermont Avenue

Benjamin Bern Acquires Multifamily Property In Somerville, MA For $1.05M
SOLDMultiFamily

Benjamin Bern Acquires Multifamily Property In Somerville, MA For $1.05M

14 Vermont Avenue

$1,050,000

$349/SF

Building Size

3,006 SF

Asset Type

MultiFamily

Closing

Feb 4, 2021

AI

A multifamily property located at 14 Vermont Ave in Somerville, MA was recently sold for $1,050,000. The property spans over 3,006 square feet, resulting in a price per square foot of $349. The sale was completed on 04/02/2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $1,050,000
  • Square Footage: 3,006
  • Price Per Square Foot: $349
  • Date: 04/02/2021
  • Market: Somerville, MA

The seller's representative in this transaction was Marc Fiore from Cameron Real Estate Group, while the buyer's representative was Benjamin Bern from Keller Williams Realty Boston-Metro | Back Bay.

Players

Benjamin Bern

Keller Williams Realty

Broker

$9.2M

vol

5 deals

Broker
GenWealth Capital Commercial
GenWealth Capital CommercialLender

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93