Updated Sep 9, 2024
Pearl Emmons Acquires Multifamily Property In Somerville, MA For $1.45M
36 Packard Avenue, Somerville, Massachusetts 02144, United States
$1,455,000
$393/SF
Building Size
3,696 SF
Asset Type
MultiFamily
Closing
Jan 20, 2022
About this deal
AI
A multifamily property located at 36 Packard Ave in Somerville, MA has been sold for $1,455,000. The property spans over 3,696 square feet with a price per square foot of $394.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,455,000
- Address: 36 Packard Ave
- Market: Somerville, MA
Pearl Emmons of 4 Buyers Real Estate LLC represented the buyer in this transaction, while Christopher Griffin of Griffin Properties represented the seller.
The multifamily sale at 36 Packard Avenue, Somerville, Massachusetts 02144, United States in Somerville, Massachusetts sold for $1.5M in 2022. The building is 3,696 square feet, implying about 393 per square foot on the published price. Pearl Emmons, Christopher Griffin, Griffin Properties appear on the sale alongside Griffin Properties. This page is the Somerville, Massachusetts file for the 36 Packard Avenue, 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 36 Packard Avenue, Somerville, Massachusetts 02144, United States around 2022. Published consideration for 36 Packard Avenue, Somerville, Massachusetts 02144, United States is $1.5M, dated 2022. Cite this Pearl Emmons Acquires Multifamily Property In Somerville, MA For $1.45M sale when underwriting similar multifamily product around Somerville, Massachusetts.
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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
10.90%
Cash-on-Cash
-3.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93