William Senné Acquires Land At 91 Prospect St In Somerville, MA For $1.25M
SOLD
$1,250,000
Massachusetts
See Similar Deals4,360 SF
Sold 04/19/2022
SOLD
William Senné Acquires Land At 91 Prospect St In Somerville, MA For $1.25M
91 Prospect Street, Somerville, Massachusetts 02143, United States
See Similar Deals4,360 SF
Sold 04/19/2022
Summary
MASSACHUSETTS
Price Per Square Foot:$286
Total Square Footage:4,360 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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