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Blaise Coco Of Berkshire Hathaway HomeServices Verani Realty Acquires Multifamily Property In Somerville, MA For $1.61M As Buyer's Rep

Property Image
SOLD
$1,610,000

Massachusetts

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MultiFamily3,348 SF
Sold 02/29/2024
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Property Image
SOLD

Blaise Coco Of Berkshire Hathaway HomeServices Verani Realty Acquires Multifamily Property In Somerville, MA For $1.61M As Buyer's Rep

21 Magnus Avenue

See Similar Deals
MultiFamily3,348 SF
Sold 02/29/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$480
Total Square Footage:3,348 SF
Transaction Type:Sale

The multifamily property located at 21 Magnus Avenue in Somerville, MA, was sold for $1,610,000. The property spans 3,348 square feet, resulting in a price per square foot of $481.

Summary of transaction details:

Blaise Coco of Berkshire Hathaway HomeServices Verani Realty represented the buyer in the transaction, while the seller was represented by Yuren Chen of S&W Consulting Group.

Players

Blaise Coco
1 deal$1.6M volume(978) 375-4345
BROKER

Wilbur (Yuren) Chen
S&W Consulting Group
1 deal$1.6M volume(617) 893-3405
BROKER

Details

SOLD
IMAGE: Blaise Coco & Yuren Chen DATE: 02/29/2024 ADDRESS: 21 Magnus Avenue MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Blaise Coco (@Blaise.Coco) - Berkshire Hathaway HomeServices Verani Realty (@CocoEarlyRE) SELLER'S REP: Yuren Chen - S&W Consulting Group SALE PRICE: $1,610,000 SF: 3,348 ~ PPSF: $481 NOTE: Blaise Coco of Berkshire Hathaway HomeServices Verani Realty represented the buyer in the purchase of a multifamily property at 21 Magnus Avenue in Somerville, MA, for $1,610,000. The seller was represented by Yuren Chen of S&W Consulting Group.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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