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88 Dover Street, Somerville...

Compass And The Realty Concierge Brokers Facilitate $1.59M Condo Sale In Somerville, MA
SOLD

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

Gina Cincotta

Broker

$1.6M

vol

1 deal

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

9.98%

Cash-on-Cash

-2.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93