Updated Dec 19, 2023
Holly Almgren Acquires Multifamily Property In Somerville, MA For $1.85M
1 Mead Street, Somerville, Massachusetts 02144, United States
$1,850,000
$638/SF
Building Size
2,897 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
About this deal
AI
A multifamily property located at 1 Mead St in Somerville, MA has been sold for a total price of $1,850,000. The property spans across 2,897 square feet and has a price per square foot of $639.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Address: 1 Mead St, Somerville, MA
- Market: Somerville, MA
- Buyer's Rep: Holly Almgren - Coldwell Banker Realty - Cambridge
- Seller's Rep: The Steve Bremis Team - Steve Bremis Realty Group
Holly Almgren from Coldwell Banker Realty - Cambridge represented the buyer in this transaction, while The Steve Bremis Team from Steve Bremis Realty Group acted as the seller's representative.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93