Updated Dec 21, 2023
The Bushari Team Compass Acquires Multifamily Property In Somerville, MA For $2.32M
361 Somerville Avenue, Somerville, Massachusetts 02143, United States
$2,320,000
$345/SF
Building Size
6,720 SF
Asset Type
MultiFamily
Closing
May 9, 2022
About this deal
AI
The multifamily property located at 361 Somerville Ave in Somerville, MA has been sold for a total price of $2,320,000. The property spans across 6,720 square feet, resulting in a price per square foot of $345.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,320,000
- Address: 361 Somerville Ave, Somerville, MA
- Market: Somerville, MA
The buyer was represented by The Bushari Team from Compass, while Brendan Nixon from Coldwell Banker Realty - Brookline acted as the seller's representative.
The multifamily sale at 361 Somerville Avenue, Somerville, Massachusetts 02143, United States in Somerville, Massachusetts sold for $2.3M in 2022. The building is 6,720 square feet, implying about 345 per square foot on the published price. Brendan Nixon, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the Somerville, Massachusetts file for the 361 Somerville Avenue, Somerville, Massachusetts 02143, 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 361 Somerville Avenue, Somerville, Massachusetts 02143, United States around 2022. Published consideration for 361 Somerville Avenue, Somerville, Massachusetts 02143, United States is $2.3M, dated 2022. Cite this The Bushari Team Compass Acquires Multifamily Property In Somerville, MA For $2.32M 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
6.84%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93