Daily limit: 0/10
Charles Pagliarulo Of Re/Max Represents Buyer In $1.525M Sale Of Somerville Multifamily Property
SOLD
Massachusetts
See Similar DealsMultiFamily3,404 SF
Sold 07/24/2024
SOLD
Charles Pagliarulo Of Re/Max Represents Buyer In $1.525M Sale Of Somerville Multifamily Property
98 Josephine Avenue
See Similar DealsMultiFamily3,404 SF
Sold 07/24/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$448
Total Square Footage:3,404 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$81,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,418.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,229.28
Annual Debt Service$86,751.34
Is there something missing? Send suggestions