Beacon Group Acquires Somerville Multifamily For $1.6M With Buyer's Rep Coldwell Banker Realty
1 Walker Street, Somerville, Massachusetts 02144, United States
$1,600,000
$527/SF
Building Size
3,035 SF
Asset Type
MultiFamily
Closing
Mar 31, 2022
AI
The multifamily property located at 1 Walker St in Somerville, MA has been sold for a price of $1,600,000. The transaction took place on 04/01/2022. The property consists of 2 units, with a price per unit of $800,000. The total square footage of the property is 3,035, resulting in a price per square foot of $527.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 1 Walker St, Somerville, MA
- Market: Somerville, MA
- Buyer's Representative: Beacon Group - Coldwell Banker Realty - Newton
- Seller's Representative: The Steve Bremis Team - Steve Bremis Realty Group
Steve Bremis represented the seller, while the buyer was represented by the Beacon Group from Coldwell Banker Realty in Newton. The sale of this multifamily property demonstrates the ongoing activity in the real estate market in Somerville, MA.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93