Updated Dec 4, 2024
Jack Lister & Joanne M. Van Stry Facilitates Sale Of Somerville Multifamily For $1.22M
22 Sargent Avenue
$1,217,995
$407/SF
Building Size
2,987 SF
Asset Type
MultiFamily
Closing
Feb 8, 2024
About this deal
AI
A multifamily property located at 22 Sargent Avenue in Somerville, MA, was sold for $1,217,995. The property spans 2,987 square feet with a price per square foot of $408.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,217,995
- Address: 22 Sargent Avenue
- Market: Somerville, MA
- Brokers: Jack Lister & Joanne M. Van Stry - Berkshire Hathaway HomeServices
The sale of the multifamily property at 22 Sargent Avenue was facilitated by brokers Jack Lister and Joanne M. Van Stry of Berkshire Hathaway HomeServices, ensuring a successful transaction for the parties involved.
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
13.02%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93