BJ & Meredith Realty Group Acquires Multifamily Property In Somerville, MA For $1.43M
90 Concord Ave, Somerville, Massachusetts, USA
$1,430,000
$614/SF
Building Size
2,326 SF
Asset Type
MultiFamily
Closing
Jul 5, 2021
AI
The multifamily property located at 90 Concord Ave in Somerville, MA was recently sold for a price of $1,430,000. The transaction took place on 07/06/2021, and the property spans across 2,326 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,430,000
- SF: 2,326
- PPSF: $615
- Address: 90 Concord Ave, Somerville, MA
- Seller's Rep: O'Connor & Highland - Keller Williams Realty Boston-Metro | Back Bay
- Buyer's Rep: The BJ & Meredith Realty Group - Unlimited Sotheby's International Realty
The seller was represented by O'Connor & Highland from Keller Williams Realty Boston-Metro | Back Bay. On the other hand, The BJ & Meredith Realty Group from Unlimited Sotheby's International Realty acted as the buyer's representative. This successful transaction indicates a strong market value for multifamily properties in Somerville, MA.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.09%
Cash-on-Cash
-3.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93