William Senné Acquires Land At 91 Prospect St In Somerville, MA For $1.25M
91 Prospect Street, Somerville, Massachusetts 02143, United States
$1,250,000
$286/SF
Building Size
4,360 SF
Asset Type
—
Closing
Apr 18, 2022
AI
The land located at 91 Prospect St in Somerville, MA has been sold for a total price of $1,250,000. The property spans an area of 4,360 square feet, resulting in a price per square foot of $287.
Summary of transation details
- Property Type: Land
- Transaction Amount: $1,250,000
- Address: 91 Prospect St, Somerville, MA
- Market: Somerville, MA
William Senné of Senné represented the buyer in this transaction, while Ramsay & Company from Leading Edge Real Estate acted as the seller's representative.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93