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Mission Realty Advisors Represents Sale Of Somerville Multifamily For $2.97M

Property Image
SOLD
$2,975,000
Spencer Lane
Maggie Currier
Chris Young

Massachusetts

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MultiFamily7,686 SF
Sold 03/22/2024
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Property Image
SOLD

Mission Realty Advisors Represents Sale Of Somerville Multifamily For $2.97M

27 Kidder Avenue & 29 Kidder Avenue

See Similar Deals
MultiFamily7,686 SF
Sold 03/22/2024
Spencer Lane
Maggie Currier
Chris Young
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$387
Total Square Footage:7,686 SF
Transaction Type:Sale

27-29 Kidder Avenue in Somerville, MA, a multifamily property, was sold for $2,975,000. The property spans 3,843 square feet with a price per square foot of $774.

Summary of transaction details:

Chris Young, Maggie Currier, and Spencer Lane from Mission Realty Advisors, with Compass, facilitated the transaction for the sale of 27-29 Kidder Avenue in Somerville, MA.

Players

Chris Young
Compass
Chris Young
29 deals$21.5M volume
BROKER
Maggie Currier
Compass
Maggie Currier
11 deals$21.5M volume
BROKER
Spencer Lane
Compass
Spencer Lane
11 deals$21.5M volume
BROKER

Details

SOLD
IMAGE: Chris Young, Maggie Currier & Spencer Lane DATE: 03/22/2024 ADDRESS: 27-29 Kidder Avenue MARKET: Somerville, MA ASSET TYPE: Multifamily BROKERS: Chris Young, Maggie Currier, & Spencer Lane (@CurrierLaneYoung); Mission Realty Advisors - Compass (@Compass) SALE PRICE: $2,975,000 SF: 3,843 ~ PPSF: $774 NOTE: 27-29 Kidder Avenue in Somerville, MA, a multifamily property, was sold for $2,975,000, with Chris Young, Maggie Currier, and Spencer Lane of Mission Realty Advisors representing the transaction through Compass.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$158,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,569.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,103.02
Annual Debt Service$169,236.21