facebook
Traded Co logo
Submit
Daily limit: 0/10

THE TEAM - Real Estate Advisors Acquires Multifamily Property In Somerville, MA For $2.15M

Property Image
SOLD
$2,150,000

Massachusetts

See Similar Deals
MultiFamily4,000 SF
Sold 12/01/2023
the dealplayerscompscontact
Property Image
SOLD

THE TEAM - Real Estate Advisors Acquires Multifamily Property In Somerville, MA For $2.15M

8 Waldo Avenue

See Similar Deals
MultiFamily4,000 SF
Sold 12/01/2023
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$537
Total Square Footage:4,000 SF
Transaction Type:Sale

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.

Players

Christopher Blasczak
4 deals$6M volume
BROKER

Details

SOLD
IMAGE: Christopher Blasczak DATE: 12/01/2023 ADDRESS: 8 Waldo Avenue MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: THE TEAM - Real Estate Advisors - Coldwell Banker Realty - Cambridge SELLER'S REP: Christopher Blasczak (@AgentInvestorPro) - Liberty Residential Realty SALE PRICE: $2,150,000 SF: 4,000 ~ PPSF: $538 NOTE: A multifamily property located at 8 Waldo Avenue in Somerville, MA, was recently sold for $2,150,000. The transaction involved THE TEAM - Real Estate Advisors from Coldwell Banker Realty in Cambridge representing the buyer, and Christopher Blasczak from Liberty Residential Realty representing the seller.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$114,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16