The Synergy Group Acquires Multifamily Property In Somerville For $1.17M
76 Prichard Avenue, Somerville, MA 02144, USA
$1,170,000
$497/SF
Building Size
2,351 SF
Asset Type
MultiFamily
Closing
Jun 4, 2020
AI
Located at 76 Prichard Ave in Somerville, MA, this multifamily property was recently sold for a price of $1,170,000. The property spans 2,351 square feet, resulting in a price per square foot of $498.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,170,000
- Address: 76 Prichard Ave
- Market: Somerville, MA
The seller's representative for this transaction was Kim Covino from Compass, while the buyer's representative was The Synergy Group from Leading Edge Real Estate.
Players
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
13.56%
Cash-on-Cash
-3.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93