Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Multifamily Property In Somerville, MA For $1.41M
52 Sargent Avenue, Somerville, Massachusetts, USA
$1,410,000
$427/SF
Building Size
3,302 SF
Asset Type
MultiFamily
Closing
Mar 18, 2021
About this deal
AI
Located in Somerville, MA, the multifamily property at 52 Sargent Avenue has recently been sold in a closed transaction. The sale was facilitated by Evan Griffith and Tony Pepdjonovic from Marcus & Millichap. The transaction took place on March 19, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,410,000
- Address: 52 Sargent Avenue, Somerville, MA
- Square Footage: 3,302
- Price per Square Foot: $427
- Number of Units: 4
- Price per Unit: $352,500
- Cap Rate: 5.50%
Evan Griffith and Tony Pepdjonovic, representing Marcus & Millichap, played crucial roles in the successful completion of the transaction. Their expertise and guidance contributed to the smooth operation of the deal.
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
11.25%
Cash-on-Cash
-3.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93