facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

68 Albion Street, Somervill...

Payson Realty Acquires Multifamily Property On Albion Street In Somerville, MA For $1.75M
SOLDMultiFamily

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

Tina Endicott

Re/Max

Broker

$4.1M

vol

2 deals

Broker

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