Nat Gambuzza & Trevor Fiebel Of Berkadia Represent Sale Of Somerville Multifamily For $26M

The multifamily asset located at 21 Oak Terrace in the Somerville market was sold for a transaction price of $26,000,000. The property encompasses a total of 118 units and offers approximately 120,000 square feet of space, with a per unit price of $220,338 and a price per square foot of $216.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,000,000
• Units: 118
• Square Feet: 120,000
• Price Per Unit: $220,338
• Price Per Square Foot: $216
• Address: 21 Oak Terrace
• Market: Somerville
• Brokers: Nat Gambuzza & Trevor Fiebel - Berkadia

Nat Gambuzza and Trevor Fiebel represented the transaction through Berkadia, facilitating the sale of the property in the multifamily sector at the aforementioned address.