Updated Dec 4, 2024
Commonwealth Standard Realty Acquires Multifamily Property In Somerville, MA For $1.475M
72 Rogers Avenue
$1,475,000
$451/SF
Building Size
3,264 SF
Asset Type
MultiFamily
Closing
Oct 23, 2023
About this deal
AI
A multifamily property located at 72 Rogers Avenue in Somerville, MA has been sold for $1.475 million. The property spans 3,264 square feet and had a price per square foot of $452.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,475,000
- Square Footage: 3,264
- Price per Square Foot: $452
- Address: 72 Rogers Avenue, Somerville, MA
- Market: Somerville, MA
The transaction was facilitated with representation from Commonwealth Standard Realty Advisors on the buyer's side and Theodore Carmone of Colonial Manor Realty on the seller's side.
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
10.75%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93