Gregory McCarthy's Riverfront Realtors Represents Buyer In $1.1M Multifamily Sale
43 Prichard Avenue, Somerville, MA 02144
$1,100,000
$379/SF
Building Size
2,900 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
AI
Located at 43 Prichard Ave in Somerville, MA, this multifamily property was recently sold in a closed transaction. The property consists of 2 units and spans across 2,900 square feet. The sale price for this transaction was $1,100,000, resulting in a price per unit of $550,000. The price per square foot was calculated to be $379.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 2
- Price per Unit: $550,000
- Square Footage: 2,900
- Price per Square Foot: $379
- Market: Somerville, MA
The buyer for this transaction was represented by Gregory McCarthy from Riverfront Realtors. On the other hand, James Norton from M&A Real Estate Inc served as the seller's representative. Their involvement played a crucial role in facilitating the successful sale of this 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93