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19 Century Street, Somervil...

Advisors Living Acquires Multifamily Property In Somerville, MA For $1.275M
SOLDMultiFamily

Advisors Living Acquires Multifamily Property In Somerville, MA For $1.275M

19 Century Street, Somerville, Massachusetts, USA

$1,275,000

$424/SF

Building Size

3,006 SF

Asset Type

MultiFamily

Closing

Jun 25, 2020

AI

Located at 19 Century St in Somerville, MA, this multifamily property was recently sold on June 25, 2021. The transaction was facilitated by Guy Contaldi and Tracy Hollander of Advisors Living - Back Bay. The property spans 3,006 square feet and was sold for $1,275,000, resulting in a price per square foot of $424.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,275,000
  • Address: 19 Century St, Somerville, MA
  • Market: Somerville, MA
  • Brokers: Guy Contaldi & Tracy Hollander - Advisors Living - Back Bay
  • Square Footage: 3,006
  • Price Per Square Foot: $424

The sale of this multifamily property represents a significant transaction within the market. Guy Contaldi and Tracy Hollander of Advisors Living - Back Bay were instrumental in facilitating the deal, ensuring a successful outcome for all parties involved.

Players

Guy Contaldi

Coldwell Banker

Broker

$2.4M

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

12.44%

Cash-on-Cash

-3.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93