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79 Rogers Avenue, Somervill...

Sammy Chen Of Denkar Realty Group Acquires Multifamily Property In Somerville, MA For $1.28M
SOLDMultiFamily

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

Sammy Chen

Denkar Realty Group

Broker

$8.9M

vol

7 deals

Broker

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