Re/Max Destiny Represents Buyer And Seller In $1.55M Sale Of Multifamily Property In Somerville, MA
305 Highland Ave, Somerville, MA 02144, USA
$4,700,000
$31/SF
Building Size
150,000 SF
Asset Type
MultiFamily
Closing
Apr 7, 2020
AI
Located in Somerville, MA, the multifamily property at 31-33 Aberdeen Rd has recently been sold. The transaction took place on 12/14/2021, with a sale price of $1,555,250. The property spans a total square footage of 3,440, 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
- Market: Somerville, MA
- Buyer's Representative: Dez Decarlo - Re/Max Destiny
- Seller's Representative: Patti Reilly Team - Re/Max Destiny
- Square Footage: 3,440
- Price per Square Foot: $452
Dez Decarlo from Re/Max Destiny represented the buyer in this transaction, while the seller was represented by the Patti Reilly Team, also from Re/Max Destiny.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93