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88 Dover St #1, Somerville,...

Compass Agents Close $1.2M Condo Sale In Somerville
SOLD

Compass Agents Close $1.2M Condo Sale In Somerville

88 Dover St #1, Somerville, Ma 02144, Usa

$1,200,000

$752/SF

Building Size

1,595 SF

Asset Type

Closing

Sep 22, 2020

AI

Located at 88 Dover Street in Somerville, this condominium was recently sold in a closed transaction. The property consists of a spacious 1,595 square feet and was sold for a price of $1,200,000, resulting in a price per square foot of $752.35. The transaction took place on September 23, 2020. The property is a condo, offering a comfortable and stylish living space.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,200,000
  • Square Footage: 1,595
  • Price per Square Foot: $752.35
  • Address: 88 Dover Street, Somerville

The seller of this condominium is Mike Cohen, who represented Compass agency, while the buyer is Jason Jeon, also represented by Compass agency. Both parties were successfully engaged in the transaction, ensuring a smooth sale process.

Players

Mike Cohen

Compass

Broker

$128.1M

vol

12 deals

Broker
Compass
CompassBrokerage
Compass
CompassBuyer

Somerville CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93