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
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