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
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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