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
Somerville CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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