Lexwin Realty Acquires Multifamily Property In Somerville, MA For $1.125M
27 Garrison Avenue, Somerville, MA, USA
$1,125,000
$343/SF
Building Size
3,271 SF
Asset Type
MultiFamily
Closing
Feb 7, 2021
AI
Located at 27 Garrison Avenue in Somerville, MA, a multifamily property was recently sold. The transaction took place on 02/08/2021, with a sale price of $1,125,000. The property spans over 3,271 square feet, resulting in a price per square foot of $344.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Address: 27 Garrison Avenue, Somerville, MA
- Market: Somerville, MA
The seller's representative for this sale was Guy Contaldi from Coldwell Banker Realty - Arlington. On the other hand, Carlos Xu from Lexwin Realty acted as the buyer's representative.
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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93