facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

15 Teele Avenue, Somerville...

Marjie And Phil Sell Somerville Multifamily Property For $1.5M
SOLDMultiFamily

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

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.

Players

Marjie Fitzpatrick

Coldwell Banker

Broker

$5.7M

vol

4 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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