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
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