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17 Albion Place, Somerville...

EVO Real Estate Group Acquires Multifamily Property In Somerville For $1.2M
SOLDMultiFamily

EVO Real Estate Group Acquires Multifamily Property In Somerville For $1.2M

17 Albion Place, Somerville, Massachusetts 02144, United States

$1,195,000

$549/SF

Building Size

2,173 SF

Asset Type

MultiFamily

Closing

May 19, 2022

AI

Located at 15-17 Albion Pl in Somerville, MA, this multifamily property was recently sold. The property spans 2,173 square feet and was sold for a price of $1,195,000, resulting in a price per square foot of $550.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,195,000
  • Square Footage: 2,173
  • Price Per Square Foot: $550
  • Address: 15-17 Albion Pl, Somerville, MA
  • Market: Somerville, MA

The buyer in this transaction was represented by Karina Mejia from EVO Real Estate Group, LLC. On the other hand, Deborah Zammuto from Main Street Residential Realty served as the seller's representative.

Players

Karina Mejia

Evo Real Estate Group

Broker

$1.2M

vol

1 deal

Broker

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

13.27%

Cash-on-Cash

-3.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93