Updated Dec 4, 2024
Multifamily Property In Somerville, MA Sells For $1.01M With Buyer's Rep Shasha Chang & Seller's Rep Jorge Betancur
7 Glenwood Road
$1,010,000
$370/SF
Building Size
2,724 SF
Asset Type
MultiFamily
Closing
Nov 28, 2023
About this deal
AI
A multifamily property located at 7 Glenwood Road in Somerville, MA, was sold for $1,010,000. The transaction involved a total square footage of 2,724 and a price per square foot (PPSF) of $371.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,010,000
- Address: 7 Glenwood Road
- Market: Somerville, MA
The buyer's representative in this deal was Shasha Chang of Peace of Mind Realty. On the other hand, the seller was represented by Jorge Betancur of Century 21 Mario Real Estate. Both representatives played a significant role in facilitating the transaction.
Please note that this property sale was successfully completed, thanks to the efforts of Shasha Chang and Jorge Betancur. No further details are available regarding the transaction.
On the Map
$1,010,000
$370/SF
MultiFamily
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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
15.71%
Cash-on-Cash
-4.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93