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26-28 Spencer Ave, Somervil...

Taylor Yates Acquires Multifamily Property In Somerville, MA For $1.35M
SOLDMultiFamily

Taylor Yates Acquires Multifamily Property In Somerville, MA For $1.35M

26-28 Spencer Ave, Somerville, Massachusetts, USA

$1,350,000

$424/SF

Building Size

3,182 SF

Asset Type

MultiFamily

Closing

Aug 20, 2021

AI

The multifamily property located at 26-28 Spencer Ave in Somerville, MA has recently been sold for a price of $1,350,000. The property spans over 3,182 square feet, resulting in a price per square foot of $424. The sale took place on 08/20/2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Address: 26-28 Spencer Ave, Somerville, MA
  • Market: Somerville, MA

The seller's representative responsible for the transaction was The Leva Group from Gibson Sotheby's International Realty. On the other hand, Taylor Yates from Coldwell Banker Realty - Weston acted as the buyer's representative. These professionals played a crucial role in facilitating the sale of the property.

Players

Taylor Yates

Coldwell Banker

Broker

$6.8M

vol

2 deals

Broker

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93