Nuage Real Estate Group Acquires Multifamily Property In Somerville, MA For $1.58M
SOLD
$1,580,000
Massachusetts
See Similar DealsMultiFamily3,239 SF
Sold 02/15/2022
SOLD
Nuage Real Estate Group Acquires Multifamily Property In Somerville, MA For $1.58M
10 Thurston Street, Somerville, Massachusetts 02145, United States
See Similar DealsMultiFamily3,239 SF
Sold 02/15/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$487
Total Square Footage:3,239 SF
Transaction Type:Sale
The multifamily property located at 10 Thurston St in Somerville, MA has been sold in a recent transaction. The property spans across 3,239 square feet and was sold for a total of $1,580,000, resulting in a price per square foot of $489.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,580,000
- Address: 10 Thurston St, Somerville, MA
- Market: Somerville, MA
The buyer was represented by Christie Xie from Nuage Real Estate Group, while the seller was represented by John Pentore from Horvath & Tremblay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,613.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,490.01
Annual Debt Service$89,880.07
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