Updated Dec 21, 2023
Horvath & Tremblay Brokers Represent Sale Of Multifamily Property On Summer St In Somerville, MA For $2.72M
103-105 Summer Street, Somerville, Massachusetts 02143, United States
$2,720,000
$428/SF
Building Size
6,342 SF
Asset Type
MultiFamily
Closing
Jan 11, 2022
About this deal
AI
The multifamily property located at 103-105 Summer St in Somerville, MA has been sold for a price of $2,720,000. The property spans an area of 6,342 square feet, resulting in a price per square foot of $429. The transaction took place on January 12, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,720,000
- Address: 103-105 Summer St, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this deal was John Pentore from Horvath & Tremblay, while the seller's representative was Dennis Kelleher, also 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
5.83%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93