facebook
Traded Co logo
Submit

Berkshire Hathaway HomeServices Acquires Multifamily Property In Somerville, MA For $1.16M

Property Image
SOLD
$1,160,000

Massachusetts

See Similar Deals
MultiFamily3,199 SF
Sold 02/26/2021
the dealplayerscompscontact
Property Image
SOLD

Berkshire Hathaway HomeServices Acquires Multifamily Property In Somerville, MA For $1.16M

20 Banks Street, Somerville, MA, USA

See Similar Deals
MultiFamily3,199 SF
Sold 02/26/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$362
Total Square Footage:3,199 SF
Transaction Type:Sale

The multifamily property located at 20 Banks Street in Somerville, MA has been sold for a price of $1,160,000. The transaction took place on February 26, 2021. The property spans a total area of 3,199 square feet, resulting in a price per square foot of $363. The sale was represented by John Buccelli of Berkshire Hathaway HomeServices Verani Realty, who acted as the seller's representative. Garrett Einis of Jordan Realty represented the buyer in this transaction.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,160,000
  • Date: 02/26/2021
  • Address: 20 Banks Street
  • Market: Somerville, MA
  • Square Footage: 3,199
  • Price per Square Foot: $363
  • Seller's Representative: John Buccelli - Berkshire Hathaway HomeServices Verani Realty
  • Buyer's Representative: Garrett Einis - Jordan Realty

Garrett Einis from Jordan Realty worked as the buyer's representative in this sale, while John Buccelli from Berkshire Hathaway HomeServices Verani Realty represented the seller. These individuals and their respective agencies played a crucial role in facilitating the transaction, ensuring a successful deal for both parties involved.

Players

Jordan Ray
15 deals$637.1M volume(646) 470-2001
BROKER

John Buccelli
Berkshire Hathaway HomeServices
3 deals$3.8M volume
BROKER

Details

SOLD
IMAGE: Garrett Einis & John Buccelli DATE: 02/26/2021 ADDRESS: 20 Banks Street MARKET: Somerville, MA ASSET TYPE: Multifamily SELLER'S REP: John Buccelli - Berkshire Hathaway HomeServices Verani Realty BUYER'S REP: Garrett Einis - Jordan Realty SALE PRICE: $1,160,000 SF: 3,199 ~ PPSF: $363

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$61,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,121.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,498.99
Annual Debt Service$65,987.90