SOLDMultiFamily
Noemia Alves Of Remax Destiny Facilitates $1,430,000 Sale Of Somerville Multifamily
37 Albion Street
$1,430,000
$399/SF
Building Size
3,576 SF
Asset Type
MultiFamily
Closing
Mar 15, 2024
AI
A multifamily property located at 37 Albion Street in Somerville, MA, was sold for $1,430,000. The property spans 3,576 square feet, resulting in a price per square foot of $400.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,430,000
- Address: 37 Albion Street
- Market: Somerville, MA
The buyer in this transaction was represented by Tsung-megason Group from Compass, while the seller was represented by Noemia Alves from Remax Destiny.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.09%
Cash-on-Cash
-3.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93