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37 Albion Street

Noemia Alves Of Remax Destiny Facilitates $1,430,000 Sale Of Somerville Multifamily
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

Noemia Alves

Re/Max

Broker

$11.3M

vol

5 deals

Broker

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

11.09%

Cash-on-Cash

-3.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93