Updated Dec 20, 2023
Dez Decarlo's Re/Max Destiny Facilitates $1.55M Multifamily Sale In Somerville, MA
31 Aberdeen Rd, Somerville, Massachusetts 02144, United States
$1,555,250
$452/SF
Building Size
3,440 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
About this deal
AI
A multifamily property located at 31-33 Aberdeen Rd in Somerville, MA has been sold for $1,555,250. The property spans across 3,440 square feet, resulting in a price per square foot of $452.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,555,250
- Address: 31-33 Aberdeen Rd, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Dez Decarlo from Re/Max Destiny, while the seller's representative was the Patti Reilly Team, also from Re/Max Destiny.
The multifamily sale at 31 Aberdeen Rd, Somerville, Massachusetts 02144, United States in Somerville, Massachusetts sold for $1.6M in 2021. The building is 3,440 square feet, implying about 452 per square foot on the published price. Dez Decarlo, Patricia Reilly, Re/Max appear on the sale alongside Re/Max. This page is the Somerville, Massachusetts file for the 31 Aberdeen Rd, Somerville, Massachusetts 02144, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 31 Aberdeen Rd, Somerville, Massachusetts 02144, United States around 2021. Published consideration for 31 Aberdeen Rd, Somerville, Massachusetts 02144, United States is $1.6M, dated 2021. Cite this Dez Decarlo's Re/Max Destiny Facilitates $1.55M Multifamily Sale In Somerville, MA sale when underwriting similar multifamily product around Somerville, Massachusetts.
Somerville MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.20%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93