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
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