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27 Holyoke Road, Somerville...

Redfin Corp. Acquires Multifamily Property In Somerville, MA For $1.45M
SOLDMultiFamily

Redfin Corp. Acquires Multifamily Property In Somerville, MA For $1.45M

27 Holyoke Road, Somerville, MA 02144, USA

$1,450,000

$473/SF

Building Size

3,063 SF

Asset Type

MultiFamily

Closing

Nov 30, 2021

AI

A multifamily property located at 27 Holyoke Rd in Somerville, MA has been sold for $1,450,000. The property spans 3,063 square feet, resulting in a price per square foot of $473. Aditi Jain from Redfin Corp represented the buyer while John Buccelli from Berkshire Hathaway HomeServices Verani Realty represented the seller in this transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,450,000
  • Address: 27 Holyoke Rd
  • Market: Somerville, MA

Aditi Jain, representing Redfin Corp, acted as the buyer's representative in the deal. On the other hand, John Buccelli, from Berkshire Hathaway HomeServices Verani Realty, served as the seller's representative.

Players

John Buccelli

Berkshire Hathaway HomeServices

Broker

$3.8M

vol

3 deals

Broker

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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93