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26-28 Kensington Avenue, So...

Compass Represents Buyer And Seller In $1M Multifamily Sale In Somerville
SOLDMultiFamily

Compass Represents Buyer And Seller In $1M Multifamily Sale In Somerville

26-28 Kensington Avenue, Somerville, Massachusetts, USA

$1,000,000

$323/SF

Building Size

3,089 SF

Asset Type

MultiFamily

Closing

Sep 17, 2021

AI

The multifamily property located at 26-28 Kensington Avenue in Somerville, MA has been sold for $1,000,000. The property consists of two units with a total square footage of 3,089. The price per unit is $500,000, and the price per square foot is $324. The sale took place on September 17, 2021. The buyer was represented by Mike Cohen from Compass, while Andrey Smirnov from eXp Realty represented the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Units: 2
  • Price Per Unit: $500,000
  • Square Footage: 3,089
  • Price Per Square Foot: $324
  • Market: Somerville, MA

The buyer's representative in this deal was Mike Cohen from Compass, while Andrey Smirnov from eXp Realty represented the seller. Both individuals played crucial roles in facilitating this transaction.

Players

Mike Cohen

Compass

Broker

$128.1M

vol

12 deals

Broker

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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93