Updated Dec 4, 2024
Multifamily Property In Somerville, MA Sells For $1.05M With Buyer's Rep Chichi Liao & Seller's Rep Rodney Sinclair
53 Sargent Avenue
$1,050,000
$288/SF
Building Size
3,644 SF
Asset Type
MultiFamily
Closing
Jan 3, 2024
About this deal
AI
A multifamily property located at 53 Sargent Avenue in Somerville, MA, was sold for $1,050,000. The property spans 3,644 square feet and has a price per square foot of $288.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 53 Sargent Avenue, Somerville, MA
- Market: Somerville, MA
The sale was facilitated by buyer's representative Chichi Liao from Harvard Realty Advisors and seller's representative Rodney Sinclair from Keller Williams Realty.
The multifamily sale at 53 Sargent Avenue in Somerville, Massachusetts sold for $1.1M in 2024. The building is 3,644 square feet, implying about 288 per square foot on the published price. Rodney Sinclair, Chichi Liao, Keller Williams Realty, Harvard Realty Advisors appear on the sale alongside Keller Williams Realty, Harvard Realty Advisors. This page is the Somerville, Massachusetts file for the 53 Sargent Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 53 Sargent Avenue around 2024. Published consideration for 53 Sargent Avenue is $1.1M, dated 2024. Cite this Multifamily Property In Somerville, MA Sells For $1.05M With Buyer's Rep Chichi Liao & Seller's Rep Rodney Sinclair sale when underwriting similar multifamily product around Somerville, Massachusetts.
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Somerville MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93