facebook
Traded Co logo
Submit

Urban Circle Realty Acquires Multifamily Property In Somerville, MA For $1.1M

Property Image
SOLD
$1,100,000
Stephan Coufos
Sherean Azarmi

Massachusetts

See Similar Deals
MultiFamily3,302 SF
Sold 02/07/2022
the dealplayerscompscontact
Property Image
SOLD

Urban Circle Realty Acquires Multifamily Property In Somerville, MA For $1.1M

9 Upland Park, Somerville, Massachusetts 02145, United States

See Similar Deals
MultiFamily3,302 SF
Sold 02/07/2022
Stephan Coufos
Sherean Azarmi
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$333
Total Square Footage:3,302 SF
Transaction Type:Sale

A multifamily property located at 9-11 Upland Park in Somerville, MA has been sold for a price of $1,100,000. The property spans a total of 3,302 square feet, resulting in a price per square foot of $333.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Date: 02/07/2022
  • Address: 9-11 Upland Park, Somerville, MA
  • Market: Somerville, MA

The buyer of the property was represented by Sherean Azarmi from Urban Circle Realty, while the seller was represented by Stephan Coufos from Coco, Early & Associates The Andovers.

Players

Sherean Azarmi
Sherean Azarmi
4 deals$6.2M volume
BROKER
Stephan Coufos
Stephan Coufos
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: Sherean Azarmi & Stephan Coufos DATE: 02/07/2022 ADDRESS: 9-11 Upland Park MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Sherean Azarmi - Urban Circle Realty SELLER'S REP: Stephan Coufos - Coco, Early & Associates The Andovers SALE PRICE: $1,100,000 SF: 3,302 ~ PPSF: $333

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)

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73