Updated Sep 9, 2024
Marjie And Phil Sell Somerville Multifamily Property For $1.5M
15 Teele Avenue, Somerville, MA 02144
$1,500,000
$466/SF
Building Size
3,219 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
About this deal
AI
Located at 15 Teele Ave in Somerville, MA, this multifamily property was recently sold. The transaction took place on December 14, 2021, with a sale price of $1,500,000. The property spans 3,219 square feet, resulting in a price per square foot of $466.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Square Footage: 3,219
- Price per Square Foot: $466
- Address: 15 Teele Ave, Somerville, MA
- Market: Somerville, MA
The seller was represented by Marjie and Phil from Coldwell Banker Realty - Arlington, while Dee Minnock from SelectRE Boston acted as the buyer's representative.
On the Map
$1,500,000
$466/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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93