Sammy Chen Of Denkar Realty Group Acquires Multifamily Property In Somerville, MA For $1.28M
79 Rogers Avenue, Somerville, MA, USA
$1,280,000
$409/SF
Building Size
3,124 SF
Asset Type
MultiFamily
Closing
Jan 18, 2021
AI
The multifamily property located at 79 Rogers Avenue in Somerville, MA has been sold for $1,280,000. The property spans a total of 3,124 square feet, resulting in a price per square foot of $410.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Date: 01/19/2021
- Address: 79 Rogers Avenue
- Market: Somerville, MA
The seller's representative in this transaction was The Ryan Group from Splice Realty. Denkar Realty Group represented the buyer, with Sammy Chen as the buyer's representative.
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
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93