Updated Dec 4, 2024
THE TEAM - Real Estate Advisors Acquires Multifamily Property In Somerville, MA For $2.15M
8 Waldo Avenue
$2,150,000
$537/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Dec 1, 2023
About this deal
AI
A multifamily property located at 8 Waldo Avenue in Somerville, MA, was recently sold for $2,150,000. The property is a 4,000 square feet multifamily asset.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Address: 8 Waldo Avenue, Somerville, MA
- Market: Somerville, MA
The buyer in this transaction was represented by THE TEAM - Real Estate Advisors from Coldwell Banker Realty in Cambridge. The seller, on the other hand, was represented by Christopher Blasczak from Liberty Residential Realty.
Please note that the sale price of $2,150,000 translates to a price per square foot of $538.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93