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89 Wallace St, Somerville, ...

Pauline Patrick Acquires Condo At 89 Wallace St In Somerville, MA
SOLD

Pauline Patrick Acquires Condo At 89 Wallace St In Somerville, MA

89 Wallace St, Somerville, Massachusetts, USA

$1,820,000

$838/SF

Building Size

2,170 SF

Asset Type

Closing

Dec 6, 2021

AI

A condo located at 89 Wallace St in Somerville, MA has been sold in a recent transaction. The property, with a total area of 2,170 square feet, was sold for a sale price of $1,820,000. The condo features a price per square foot of $839. The transaction took place on 12/06/2021.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $1,820,000
  • Address: 89 Wallace St, Somerville, MA
  • Market: Somerville, MA
  • Square footage: 2,170

The buyer of the condo is Pauline Patrick, while the seller is Garett Einis. The deal was facilitated by George Wu from Compass, who represented both the buyer and the seller.

Players

George Wu

Coldwell Banker

Broker

$10.2M

vol

6 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

8.72%

Cash-on-Cash

-2.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93