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60 Clyde St, Somerville, Ma...

David Holmes Acquires 2,100 SF Condo In Somerville, MA For $1.235M
SOLD

David Holmes Acquires 2,100 SF Condo In Somerville, MA For $1.235M

60 Clyde St, Somerville, Massachusetts, USA

$1,235,000

$588/SF

Building Size

2,100 SF

Asset Type

Closing

Oct 21, 2021

AI

Located at 60 Clyde St Unit 2 in Somerville, MA, this property is a 2,100 square foot condo. The transaction took place on 10/21/2021, with a sale price of $1,235,000. The condo features a spacious layout and is priced at $588 per square foot.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,235,000
  • Date: 10/21/2021
  • Address: 60 Clyde St Unit 2, Somerville, MA
  • Market: Somerville, MA

David Holmes purchased the condo from seller Patrick McGloin. Brian Quijada from Jack Conway & Co represented the buyer, while Currier, Lane & Young from Compass represented the seller in this transaction.

Players

Chris Young

Compass

Broker

$21.5M

vol

29 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

12.84%

Cash-on-Cash

-3.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93