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93 Pennsylvania Ave, Somerv...

Multifamily Property Sold In Somerville, MA For $1.03M With Buyer's Rep Stephanie Cheong And Seller's Rep S. Brett Sillari
SOLDMultiFamily

Multifamily Property Sold In Somerville, MA For $1.03M With Buyer's Rep Stephanie Cheong And Seller's Rep S. Brett Sillari

93 Pennsylvania Ave, Somerville, Massachusetts 02145, United States

$1,035,000

$355/SF

Building Size

2,914 SF

Asset Type

MultiFamily

Closing

Jan 23, 2022

AI

The multifamily property located at 93-95 Pennsylvania Ave in Somerville, MA has been sold for a total price of $1,035,000. The property spans across 2,914 square feet and the price per square foot is calculated to be $355.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,035,000
  • Address: 93-95 Pennsylvania Ave, Somerville, MA
  • Market: Somerville, MA
  • Buyer's Representative: Stephanie Cheong - Bulfinch Boston Realty, Inc.
  • Seller's Representative: S. Brett Sillari - Century 21 Avon

Stephanie Cheong from Bulfinch Boston Realty, Inc. represented the buyer in this transaction, while S. Brett Sillari from Century 21 Avon represented the seller.

Players

Salvatore Sillari

Century 21

Broker

$4M

vol

3 deals

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

15.33%

Cash-on-Cash

-4.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93