Updated Mar 17, 2025
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
About this deal
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.
On the Map
$1,600,000
$520/SF
MultiFamily
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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