Pearl Emmons Of 4 Buyers Real Estate LLC Represents Buyer In $1.586M Sale Of Somerville Multifamily
22 Winslow Avenue
$1,586,000
$511/SF
Building Size
3,102 SF
Asset Type
MultiFamily
Closing
Sep 9, 2024
AI
The multi-family property at 22 Winslow Avenue in Somerville, MA was sold for $1,586,000. It spans 3,102 square feet and consists of 5 bedrooms and 2 bathrooms. Located in Davis Square, the property includes a downstairs 2-bedroom unit and a large 3-bedroom unit upstairs, featuring separate systems, a garage, and the potential for renovation or condo conversion.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,586,000
- Square Footage: 3,102
- Price Per Square Foot: $511
- Buyer’s Representative: Pearl Emmons - 4 Buyers Real Estate Llc
- Seller’s Representative: Douglas Mcgregor - Cpg Advisory Services
Pearl Emmons represented the buyer in this transaction, while Douglas Mcgregor represented the seller. Both are affiliated with their respective real estate agencies, facilitating the sale of this multifamily asset.
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
10.00%
Cash-on-Cash
-2.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93