Daily limit: 0/10
Gibson Sotheby's International Realty Acquires Multifamily Property In Somerville, MA For $1.6M
SOLD
$1,600,000
Massachusetts
See Similar DealsMultiFamily3,498 SF
Sold 11/17/2023
SOLD
Gibson Sotheby's International Realty Acquires Multifamily Property In Somerville, MA For $1.6M
36 Burnside Avenue
See Similar DealsMultiFamily3,498 SF
Sold 11/17/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$457
Total Square Footage:3,498 SF
Transaction Type:Sale
In Somerville, MA, a multifamily property at 36 Burnside Avenue has been sold for $1,600,000. The property has a total area of 3,498 square feet, resulting in a price per square foot of $457.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 36 Burnside Avenue, Somerville, MA
- Market: Somerville, MA
The buyer's representative, Lauren Holleran of Gibson Sotheby's International Realty, represented the buyer in this transaction. On the other hand, the seller's representative, Charles Cherney of Compass, represented the seller.
Please note that Lauren Holleran of Gibson Sotheby's International Realty represented the buyer and Charles Cherney of Compass represented the seller in the sale of the multifamily property at 36 Burnside Avenue in Somerville, MA.
Players
Details
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
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
Is there something missing? Send suggestions