Updated Dec 4, 2024
Somerville Multifamily Property Sells For $1.5M With Brokers Alexandra Crivon & Cheryl Lovett
42 Clarendon Avenue
$1,500,000
$444/SF
Building Size
3,375 SF
Asset Type
MultiFamily
Closing
Sep 7, 2023
About this deal
AI
A multifamily property located at 42 Clarendon Avenue in Somerville, Massachusetts, was sold for $1.5 million. The property encompasses 3,375 square feet, resulting in a price per square foot of $444.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Date: 09/07/2023
- Address: 42 Clarendon Avenue, Somerville, MA
- Market: Somerville, MA
The sale of this multifamily property was brokered by Alexandra Crivon and Cheryl Lovett of Coldwell Banker.
The multifamily sale at 42 Clarendon Avenue in Somerville, Massachusetts sold for $1.5M in 2023. The building is 3,375 square feet, implying about 444 per square foot on the published price. Alexandra Crivon, Cheryl Lovett, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the Somerville, Massachusetts file for the 42 Clarendon Avenue 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 42 Clarendon Avenue around 2023. Published consideration for 42 Clarendon Avenue is $1.5M, dated 2023. Cite this Somerville Multifamily Property Sells For $1.5M With Brokers Alexandra Crivon & Cheryl Lovett sale when underwriting similar multifamily product around Somerville, Massachusetts.
Players
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93