facebook
Traded Co logo
Submit

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

Property Image
SOLD
$1,450,000

Massachusetts

See Similar Deals
MultiFamily3,063 SF
Sold 11/30/2021
the dealplayerscompscontact
Property Image
SOLD

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

27 Holyoke Road, Somerville, MA 02144, USA

See Similar Deals
MultiFamily3,063 SF
Sold 11/30/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$473
Total Square Footage:3,063 SF
Transaction Type:Sale

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
3 deals$3.8M volume
BROKER

Aditi Jain
2 deals$2.6M volume
BROKER

Details

SOLD
IMAGE: Aditi Jain & John Buccelli DATE: 11/30/2021 ADDRESS: 27 Holyoke Rd MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Aditi Jain - Redfin Corp. SELLER'S REP: John Buccelli - Berkshire Hathaway HomeServices Verani Realty SALE PRICE: $1,450,000 SF: 3,063 ~ PPSF: $473

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$77,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88