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105 Beacon Street, Somervil...

Riverfront Realtors Acquires Multifamily Property In Somerville, MA For $1.085M
SOLDMultiFamily

Riverfront Realtors Acquires Multifamily Property In Somerville, MA For $1.085M

105 Beacon Street, Somerville, Massachusetts, USA

$1,085,000

$630/SF

Building Size

1,720 SF

Asset Type

MultiFamily

Closing

Nov 12, 2021

AI

The multifamily property located at 105 Beacon Street in Somerville, MA has recently been sold in a closed transaction. The sale was facilitated by Ron Carpenito from Prime Property Team, who represented the seller, and Greg McCarthy from Riverfront Realtors, who represented the buyer. The property consists of 2 units with a total square footage of 1,720. The asking price for this property was $1,100,000, and it was sold for $1,085,000, resulting in a price per unit of $542,500. The price per square foot was $631.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,085,000
  • Address: 105 Beacon Street, Somerville, MA
  • Market: Somerville, MA
  • Buyer's Representative: Greg McCarthy - Riverfront Realtors
  • Seller's Representative: Ron Carpenito - Prime Property Team

This transaction showcases the expertise of Greg McCarthy and Ron Carpenito in representing their respective clients in the sale. Both parties were able to negotiate a successful deal, resulting in the sale of this multifamily property.

Players

Gregory McCarthy

Broker

$19.6M

vol

13 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

14.62%

Cash-on-Cash

-4.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93