Updated Dec 21, 2023
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
About this deal
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
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