Updated Dec 4, 2024
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
About this deal
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.
The multifamily sale at 37 Albion Street in Somerville, Massachusetts sold for $1.4M in 2024. The building is 3,576 square feet, implying about 399 per square foot on the published price. Noemia Alves, Re/Max appear on the sale alongside Re/Max. This page is the Somerville, Massachusetts file for the 37 Albion Street 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 37 Albion Street around 2024. Published consideration for 37 Albion Street is $1.4M, dated 2024. Cite this Noemia Alves Of Remax Destiny Facilitates $1,430,000 Sale Of Somerville Multifamily sale when underwriting similar multifamily product around Somerville, Massachusetts.
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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