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
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