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2 Appleton Street, Somervil...

Compass Broker Sells Condo In Somerville, MA For $1.55M
SOLD

Compass Broker Sells Condo In Somerville, MA For $1.55M

2 Appleton Street, Somerville, Massachusetts, USA

$1,550,000

$712/SF

Building Size

2,176 SF

Asset Type

Closing

Oct 27, 2021

AI

A condo located at 2 Appleton Street in Somerville, MA has been sold for a price of $1,550,000. The condo spans 2,176 square feet, resulting in a price per square foot of $712. The transaction took place on October 27, 2021, and the sale was facilitated by broker Mike Cohen from Compass.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $1,550,000
  • Address: 2 Appleton Street, Somerville, MA
  • Market: Somerville, MA
  • Square Footage: 2,176
  • Price per Square Foot: $712

Mike Cohen from Compass played a key role in the sale of the condo. He served as the broker representing the parties involved in the transaction.

Players

Mike Cohen

Compass

Broker

$128.1M

vol

12 deals

Broker

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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93