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98 Josephine Avenue

Charles Pagliarulo Of Re/Max Represents Buyer In $1.525M Sale Of Somerville Multifamily Property
SOLDMultiFamily

Charles Pagliarulo Of Re/Max Represents Buyer In $1.525M Sale Of Somerville Multifamily Property

98 Josephine Avenue

$1,525,000

$448/SF

Building Size

3,404 SF

Asset Type

MultiFamily

Closing

Jul 24, 2024

AI

A three-family home at 98 Josephine Avenue in Somerville, MA, sold for $1.525 million. The property spans 3,404 sq. ft. and features three units, positioning it attractively for both investors and residents, especially due to its proximity to Tufts University and Ball Square.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,525,000
  • Units: 3
  • Price Per Unit: $508,333
  • Square Footage: 3,404
  • Price Per Square Foot: $448

Charles Pagliarulo from Re/Max represented the buyer in this transaction, while Sven Andersen from Keller Williamsrepresented the seller, facilitating the details of the sale.

Players

Sven Andersen

Keller Williams Realty

Broker

$6.5M

vol

4 deals

Broker

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

10.40%

Cash-on-Cash

-2.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93