Updated Dec 4, 2024
Gibson Sotheby's International Realty Acquires MultiFamily Property In Somerville, MA For $1.2M
104 North Street
$1,200,000
$491/SF
Building Size
2,444 SF
Asset Type
MultiFamily
Closing
Nov 15, 2023
About this deal
AI
A multifamily property at 104 North Street in Somerville, MA, has changed hands for a sale price of $1,200,000. The property spans 2,444 square feet and has a price per square foot of $491.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,200,000
- Address: 104 North Street, Somerville, MA
- Square Footage: 2,444
- Price per Square Foot: $491
- Market: Somerville, MA
Max Dublin and his team from Gibson Sotheby's International Realty represented the buyer in this transaction. On the other hand, Ryan Seward of Coldwell Banker Realty in Waltham served 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93