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74 Woods Avenue

Mario Pavli Of Boston Advanced Realty Represents Buyer In $1.125M Multifamily Sale In Somerville
SOLDMultiFamily

Mario Pavli Of Boston Advanced Realty Represents Buyer In $1.125M Multifamily Sale In Somerville

74 Woods Avenue

$1,125,000

$526/SF

Building Size

2,138 SF

Asset Type

MultiFamily

Closing

Jul 19, 2024

AI

This multifamily property, located at 74 Woods Avenue in Somerville, MA, was sold for $1,125,000. Featuring 2,138 square feet, the asset consists of two units, providing a price per unit of $562,500 and a price per square foot of $526.

Summary of transation details:

The transaction involved notable representatives in the real estate market. Mario Pavli, from Boston Advanced Realty, represented the buyer, while Joseph Cirrone of Advisors Living represented the seller in this deal.

Players

Joseph Cirrone

Advisors Living

Broker

$2.3M

vol

2 deals

Broker

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

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93