Updated Dec 19, 2023
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
About this deal
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.
The multifamily sale at 76 Prichard Avenue, Somerville, MA 02144, USA in Somerville, Massachusetts sold for $1.2M in 2020. The building is 2,351 square feet, implying about 497 per square foot on the published price. Kim Covino, Compass appear on the sale alongside Compass. This page is the Somerville, Massachusetts file for the 76 Prichard Avenue, Somerville, MA 02144, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 76 Prichard Avenue, Somerville, MA 02144, USA around 2020. Published consideration for 76 Prichard Avenue, Somerville, MA 02144, USA is $1.2M, dated 2020. Cite this The Synergy Group Acquires Multifamily Property In Somerville For $1.17M sale when underwriting similar multifamily product around Somerville, Massachusetts.
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