Samuel Saillant Of United Brokers Represents Buyer In $1.425M Somerville Multifamily Sale
18 Austin Street & 20 Austin Street
$1,425,000
$172/SF
Building Size
8,282 SF
Asset Type
MultiFamily
Closing
Aug 1, 2024
AI
A 3-family home located at 18-20 Austin Street in Somerville, MA, has been sold for $1,425,000. This multifamily property comprises 4,141 square feet and features 3 units, with a price per unit of $475,000 and a price per square foot of $344.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,425,000
- Units: 3
- Square Footage: 4,141
- Price per Unit: $475,000
- Price per Square Foot: $344
The transaction involved Samuel Saillant representing the buyer through United Brokers and Michael Albano representing the seller through Metropolitan Boston Real Estate. This deal took place on 08/01/2024.
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
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93