Updated Dec 21, 2023
Gibson Sotheby's Acquires Multifamily Property In Somerville, MA For $1.4M
21-23 Francesca Avenue, Somerville, MA, USA
$1,425,000
$419/SF
Building Size
3,397 SF
Asset Type
MultiFamily
Closing
Jan 26, 2021
About this deal
AI
A multifamily property located at 21-23 Francesca Avenue in Somerville, MA, was recently sold for a price of $1,425,000. The property spans across 3,397 square feet, resulting in a price per square foot of $419. The sale was completed on January 27, 2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,425,000
- Square Footage: 3,397
- Price per Square Foot: $419
- Address: 21-23 Francesca Avenue, Somerville, MA
- Market: Somerville, MA
The seller's representative in this transaction was Arthur Horiatis from Gibson Sotheby's International Realty. On the other hand, the buyer was represented by Katherine Jong from Splice Realty LLC.
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