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104 North Street

Gibson Sotheby's International Realty Acquires MultiFamily Property In Somerville, MA For $1.2M
SOLDMultiFamily

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

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

Max Dublin

Sotheby's International Realty

Broker

$12.1M

vol

8 deals

Broker

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