Updated Sep 9, 2024
Danny Zheng Acquires Multifamily Property In Somerville, MA For $1.31M
25 Lincoln Ave, Somerville, Massachusetts, USA
$1,310,000
$264/SF
Building Size
4,946 SF
Asset Type
MultiFamily
Closing
Jun 30, 2020
About this deal
AI
The multifamily property located at 23-25 Lincoln Ave in Somerville, MA was recently sold for $1,310,000 on 06/30/2021. The property spans a total of 4,946 square feet, resulting in a price-per-square-foot (PPSF) value of $265.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,310,000
- Date: 06/30/2021
- Address: 23-25 Lincoln Ave
- Market: Somerville, MA
The seller was represented by Sung Yip from EW Realty, while the buyer was represented by Danny Zheng from Keller Williams Realty.
The multifamily sale at 25 Lincoln Ave, Somerville, Massachusetts, USA in Somerville, Massachusetts sold for $1.3M in 2020. The building is 4,946 square feet, implying about 264 per square foot on the published price. Danny Zheng, Sung Yip, Keller Williams Realty appear on the sale alongside Keller Williams Realty. This page is the Somerville, Massachusetts file for the 25 Lincoln Ave, Somerville, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 25 Lincoln Ave, Somerville, Massachusetts, USA around 2020. Published consideration for 25 Lincoln Ave, Somerville, Massachusetts, USA is $1.3M, dated 2020. Cite this Danny Zheng Acquires Multifamily Property In Somerville, MA For $1.31M sale when underwriting similar multifamily product around Somerville, Massachusetts.
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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
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93