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43 Prichard Avenue, Somervi...

Gregory McCarthy's Riverfront Realtors Represents Buyer In $1.1M Multifamily Sale
SOLDMultiFamily

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

Gregory McCarthy

Broker

$19.6M

vol

13 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93