Payson Realty Acquires Multifamily Property On Albion Street In Somerville, MA For $1.75M
68 Albion Street, Somerville, Massachusetts, USA
$1,750,000
$537/SF
Building Size
3,254 SF
Asset Type
MultiFamily
Closing
Apr 25, 2021
AI
Located at 68 Albion Street in Somerville, MA, this multifamily property was recently sold in a closed transaction. The property spans a total of 3,254 square feet and was sold for a price of $1,750,000, resulting in a price per square foot of $538.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Address: 68 Albion Street, Somerville, MA
- Market: Somerville, MA
Tina Endicott Realty Group, represented by Tina Endicott, from RE/MAX Encore acted as the seller's representative in this transaction. On the buyer's side, Rory Payson from Payson Realty served as the buyer's representative.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93