Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,750,000
$537/SF
MultiFamily
View full map
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Tina Endicott to view all their deals.
Browse Massachusetts multifamily sales on Traded.
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