Updated Sep 9, 2024
Nuage Real Estate Group Acquires Multifamily Property In Somerville, MA For $1.58M
10 Thurston Street, Somerville, Massachusetts 02145, United States
$1,580,000
$487/SF
Building Size
3,239 SF
Asset Type
MultiFamily
Closing
Feb 14, 2022
About this deal
AI
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.
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
10.04%
Cash-on-Cash
-2.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93