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27 Garrison Avenue, Somervi...

Lexwin Realty Acquires Multifamily Property In Somerville, MA For $1.125M
SOLDMultiFamily

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.

Players

Guy Contaldi

Coldwell Banker

Broker

$2.4M

vol

2 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

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93