Compass And The Realty Concierge Brokers Facilitate $1.59M Condo Sale In Somerville, MA
88 Dover Street, Somerville, Massachusetts, USA
$1,590,000
$787/SF
Building Size
2,020 SF
Asset Type
—
Closing
Feb 25, 2021
AI
A condo located at 88 Dover Street in Somerville, MA was recently sold in a closed transaction. The property, with a total area of 2,020 square feet, was listed for an asking price of $1,588,000. The sale was facilitated by brokers Mike Cohen from Compass and Gina Cincotta from The Realty Concierge. The sale price for the condo was finalized at $1,590,000, resulting in a price per square foot of $787. The transaction involved a total of 6.5 units, with an average price per unit of $244,615.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,590,000
- Address: 88 Dover Street, Somerville, MA
- Asking Price: $1,588,000
- Square Footage: 2,020
- Price per Square Foot: $787
- Units: 6.5
- Price per Unit: $244,615
If you are looking to sell a property, you can get in touch with us at 617-852-1160.
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
9.98%
Cash-on-Cash
-2.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93