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2 Porter St, Moama Nsw 2731...

The Braces Place Acquires Mixed-use Property On Porter Street In Somerville For $2.7M
SOLDMixed-use

The Braces Place Acquires Mixed-use Property On Porter Street In Somerville For $2.7M

2 Porter St, Moama Nsw 2731, Australia

$2,700,000

$34/SF

Building Size

78,690 SF

Asset Type

Mixed-use

Closing

Apr 30, 2020

AI

A mixed-use property located at 2-6 Porter Street in Somerville has been sold for a total price of $2,700,000. The property spans across 7,869 square feet with a price per square foot of $343.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,700,000
  • Square Footage: 7,869 SF
  • Price per Square Foot: $343
  • Address: 2-6 Porter Street, Somerville

The seller of this property was Kiriakoula Cyndie Kargatzis-Femino. The buyer, on the other hand, was The Braces Place represented by Dr. Mouhab Rizkallah. The transaction was facilitated by brokers Helen Praysma and Patricia Ng from The NG; Praysman Team at Berkshire Hathaway Inc.

Players

Helen Praysma

Berkshire Hathaway HomeServices

Broker

$2.7M

vol

1 deal

Broker

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93