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502 Somerville Avenue

Michael Tammaro Of Related Beal Facilitates $1.6M Sale Of Somerville Multifamily
SOLDMultiFamily

Michael Tammaro Of Related Beal Facilitates $1.6M Sale Of Somerville Multifamily

502 Somerville Avenue

$1,600,000

$520/SF

Building Size

3,074 SF

Asset Type

MultiFamily

Closing

Mar 4, 2024

AI

A multifamily asset located at 502 Somerville Avenue in Somerville, MA, was successfully sold for $1.6 million. This property spans 3,074 square feet and achieved a price per square foot of $520.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Address: 502 Somerville Avenue
  • Market: Somerville, MA
  • Broker: Michael Tammaro - Related Beal Sales

The sale of the multifamily asset at 502 Somerville Avenue in Somerville, MA, was facilitated by broker Michael Tammaro from Related Beal Sales.

Players

Michael Tammaro

Related Companies

Broker

$1.6M

vol

1 deal

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93