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.
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
15.33%
Cash-on-Cash
-4.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93