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27 Kidder Avenue

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

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

27 Kidder Avenue & 29 Kidder Avenue

$2,975,000

$387/SF

Building Size

7,686 SF

Asset Type

MultiFamily

Closing

Mar 22, 2024

AI

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

Broker

$21.5M

vol

29 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

5.33%

Cash-on-Cash

-1.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93