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
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
10.80%
Cash-on-Cash
-3.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93