facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$1,430,000

Massachusetts

See Similar Deals
MultiFamily3,576 SF
Sold 03/15/2024
the dealplayerscompscontact
Property Image
SOLD

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

37 Albion Street

See Similar Deals
MultiFamily3,576 SF
Sold 03/15/2024
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$399
Total Square Footage:3,576 SF
Transaction Type:Sale

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
Noemia Alves
5 deals$11.3M volume
BROKER

Details

SOLD
IMAGE: Noemia Alves DATE: 03/15/2024 ADDRESS: 37 Albion Street MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Tsung-megason Group - Compass (@Compass) SELLER'S REP: Noemia Alves (@Noemia22) - Remax Destiny (@DestinyAgents) SALE PRICE: $1,430,000 SF: 3,576 ~ PPSF: $400 NOTE: A multifamily property located at 37 Albion Street in Somerville, MA, was sold for $1,430,000. The buyer was represented by the Tsung-megason Group of Compass, while Noemia Alves of Remax Destiny represented the seller.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$76,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,080.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,778.93
Annual Debt Service$81,347.15