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
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.
Players
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