Updated Dec 4, 2024
Multifamily Property In Somerville, MA Sells For $2.2M With Buyer's Rep Giang Nguyen - Transocean Tower Realty
99 Glenwood Road & 101 Glenwood Road
$2,200,000
$244/SF
Building Size
4,504 SF
Asset Type
MultiFamily
Closing
Dec 21, 2023
About this deal
AI
A multifamily property located at 99-101 Glenwood Road in Somerville, MA, has changed hands for a sale price of $2,200,000. The property spans 4,504 square feet and has a price per square foot of $488.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 99-101 Glenwood Road, Somerville, MA
- Market: Somerville, MA
The sale of this multifamily property involved representation from Giang Nguyen of Transocean Tower Realty on the buyer's side and Brittany Vetter of Dorado Properties on the seller's side.
Players
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93