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39 Paulina Street, Somervil...

Multifamily In Somerville, MA Sells For $1.8M With Buyer's Rep Melony Swasey & Seller's Rep Charles Pagliarulo
SOLDMultiFamily

Multifamily In Somerville, MA Sells For $1.8M With Buyer's Rep Melony Swasey & Seller's Rep Charles Pagliarulo

39 Paulina Street, Somerville, Massachusetts 02144, United States

$1,800,000

$572/SF

Building Size

3,145 SF

Asset Type

MultiFamily

Closing

Apr 7, 2022

AI

39 Paulina St, a multifamily property located in Somerville, MA, was recently sold for $1,800,000. The property spans 3,145 square feet, resulting in a price per square foot of $572. The sale took place on April 8, 2022. Melony Swasey from Unlimited Sotheby's International Realty represented the buyer in this transaction, while Charles Pagliarulo from RE/MAX Andrew Realty Services represented the seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,800,000
  • Date: April 8, 2022
  • Address: 39 Paulina St, Somerville, MA
  • Market: Somerville, MA

Melony Swasey from Unlimited Sotheby's International Realty served as the buyer's representative in this transaction. On the other hand, Charles Pagliarulo from RE/MAX Andrew Realty Services represented the seller. Their expertise played a crucial role in facilitating the successful sale of this multifamily property in Somerville.

Players

Charles Pagliarulo

Re/Max

Broker

$5M

vol

3 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93