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92 Glen Street

Tiesong Ma Of United Real Estate Represents Buyer In $1.469M Somerville Multifamily Sale
SOLDMultiFamily

Tiesong Ma Of United Real Estate Represents Buyer In $1.469M Somerville Multifamily Sale

92 Glen Street

$1,469,000

$432/SF

Building Size

3,394 SF

Asset Type

MultiFamily

Closing

Jun 25, 2024

AI

A well-maintained 3-family home located at 92 Glen Street in Somerville, MA, was recently sold for $1.469 million. The property spans 3,394 square feet and was sold at a price per square foot of $433. Situated in East Somerville between Assembly Row and Union Square, this property offers a mix of spacious units, making it an attractive investment for both investors and owner-occupants.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,469,000
  • Address: 92 Glen Street
  • Market: Somerville, MA

The buyer in this transaction was represented by Tiesong Ma from United Real Estate, while the seller was represented by Ning Sun from Phoenix Real Estate Group. This deal showcases the collaborative effort of these two real estate professionals in facilitating the successful sale of the multifamily property at 92 Glen Street.

Players

Tiesong Ma

United Real Estate

Broker

$1.5M

vol

1 deal

Broker

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

10.80%

Cash-on-Cash

-3.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93