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18 Austin Street

Samuel Saillant Of United Brokers Represents Buyer In $1.425M Somerville Multifamily Sale
SOLDMultiFamily

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

Samuel Saillant

United Brokers

Broker

$2.7M

vol

2 deals

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

11.13%

Cash-on-Cash

-3.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93