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425 429 Somerville Ave, Som...

Roberto Magno Acquires Multifamily Property On Somerville Ave For $1.8M
SOLDMultiFamily

Roberto Magno Acquires Multifamily Property On Somerville Ave For $1.8M

425 429 Somerville Ave, Somerville, Massachusetts, Usa

$1,812,000

$434/SF

Building Size

4,170 SF

Asset Type

MultiFamily

Closing

Jun 15, 2021

AI

An multifamily property located at 425-429 Somerville Ave in Somerville, MA has been sold. The sale took place on 06/15/2021. The property spans a total of 4,170 square feet and was sold for $1,812,000, resulting in a price per square foot of $435.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $1,812,000
  • Square Footage: 4,170
  • Address: 425-429 Somerville Ave, Somerville, MA
  • Market: Somerville, MA

The seller's representative for this transaction was Salvatore Sillari from Century 21 Avon. On the buyer's side, Roberto Magno from Castlearch Property Advisors acted as the representative. These individuals played a key role in facilitating the successful sale of the property.

Players

Salvatore Sillari

Century 21

Broker

$4M

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

8.75%

Cash-on-Cash

-2.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93