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:
- Property Type: Multifamily
- Transaction Amount: $2,975,000
- Address: 27-29 Kidder Avenue
- Market: Somerville, MA
- Brokers: Chris Young, Maggie Currier, & Spencer Lane; Mission Realty Advisors - Compass
- SF: 3,843
- PPSF: $774
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
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