Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Units: 2
- Square Footage: 2,138
- Price Per Unit: $562,500
- Price Per Square Foot: $526
- Buyer's Representative: Mario Pavli - Boston Advanced Realty
- Seller's Representative: Joseph Cirrone - Advisors Living
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.
On the Map
$1,125,000
$526/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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93