Updated Mar 11, 2025
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
About this deal
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.
On the Map
$1,050,000
$349/SF
MultiFamily
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Players
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93