Benjamin Bern Acquires Multifamily Property In Somerville, MA For $1.05M
SOLD
$1,050,000
Massachusetts
See Similar DealsMultiFamily3,006 SF
Sold 02/04/2021
SOLD
Benjamin Bern Acquires Multifamily Property In Somerville, MA For $1.05M
14 Vermont Avenue
See Similar DealsMultiFamily3,006 SF
Sold 02/04/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$349
Total Square Footage:3,006 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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