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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
SOLD
Massachusetts
See Similar DealsMultiFamily3,348 SF
Sold 02/29/2024
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 DealsMultiFamily3,348 SF
Sold 02/29/2024
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:
- Property Type: Multifamily
- Transaction Amount: $1,610,000
- Address: 21 Magnus Avenue
- Market: Somerville, MA
- Buyer's Rep: Blaise Coco - Berkshire Hathaway HomeServices Verani Realty
- Seller's Rep: Yuren Chen - S&W Consulting Group
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,719.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,632.22
Annual Debt Service$91,586.66
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