Updated Sep 9, 2024
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
About this deal
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.
The multifamily sale at 79 Rogers Avenue, Somerville, MA, USA in Somerville, Massachusetts sold for $1.3M in 2021. The building is 3,124 square feet, implying about 409 per square foot on the published price. Sammy Chen, Denkar Realty Group appear on the sale alongside Denkar Realty Group. This page is the Somerville, Massachusetts file for the 79 Rogers Avenue, Somerville, MA, 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 79 Rogers Avenue, Somerville, MA, USA around 2021. Published consideration for 79 Rogers Avenue, Somerville, MA, USA is $1.3M, dated 2021. Cite this Sammy Chen Of Denkar Realty Group Acquires Multifamily Property In Somerville, MA For $1.28M sale when underwriting similar multifamily product around Somerville, Massachusetts.
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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
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93