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Marcus & Millichap Brokers Sell Multifamily Property In Somerville, MA For $1.41M

52 Sargent Avenue
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This MultiFamily property located in MA was sold for $1,410,000 about 3 years ago. The brokers of the deal were Tony Pepdjonovic and Evan Griffith

Located in Somerville, MA, the multifamily property at 52 Sargent Avenue has recently been sold in a closed transaction. The sale was facilitated by Evan Griffith and Tony Pepdjonovic from Marcus & Millichap. The transaction took place on March 19, 2021.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,410,000
  • Address: 52 Sargent Avenue, Somerville, MA
  • Square Footage: 3,302
  • Price per Square Foot: $427
  • Number of Units: 4
  • Price per Unit: $352,500
  • Cap Rate: 5.50%

Evan Griffith and Tony Pepdjonovic, representing Marcus & Millichap, played crucial roles in the successful completion of the transaction. Their expertise and guidance contributed to the smooth operation of the deal.

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Deals
  • Location
    52 Sargent Avenue, Somerville, Massachusetts, USA52 Sargent Avenue, Somerville, Massachusetts, USA
  • Sale Price
    $1,410,000$1,410,000
    $427 PPSF$427 PPSF
  • Area
    3,302 SF3,302 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Tony Pepdjonovic

Tony Pepdjonovic

Deals44
Financed$182.8M

Evan Griffith

Evan Griffith

Deals37
Financed$188.3M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Evan Griffith & Tony Pepdjonovic DATE: 03/19/2021 ADDRESS: 52 Sargent Avenue MARKET: Somerville, MA ASSET TYPE: Multifamily BROKERS: Evan Griffith & Tony Pepdjonovic - Marcus & Millichap SALE PRICE: $1,410,000 SF: 3,302~ PPSF: $427 UNITS 4: ~ PPU: 352,500 CAP RATE: 5.50%

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52 Sargent Avenue

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