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
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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93