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

Property Image
SOLD
$1,035,000
Stephanie Cheong
Salvatore (Brett) Sillari

Massachusetts

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MultiFamily2,914 SF
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the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
MultiFamily2,914 SF
Sold
Stephanie Cheong
Salvatore (Brett) Sillari
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$355
Total Square Footage:2914 SF
Transaction Type:Sale

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 (Brett) Sillari
Century 21
Salvatore Sillari
3 deals$4M volume
BROKER
Stephanie Cheong
Stephanie Cheong
1 deal$1M volume
BROKER

Details

SOLD
IMAGE: Stephanie Cheong DATE: 01/24/2022 ADDRESS: 93-95 Pennsylvania Ave MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Stephanie Cheong - Bulfinch Boston Realty, Inc. SELLER'S REP: S. Brett Sillari -Century 21 Avon SALE PRICE: $1,035,000 SF: 2,914 ~ PPSF: $355

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,677.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,906.43
Annual Debt Service$58,877.14