Updated Dec 19, 2023
Matthew Slowik's Compass Acquires Multifamily Property On School St In Somerville, MA For $1.1M
105 School St, Somerville, Massachusetts, USA
$1,100,000
$613/SF
Building Size
1,793 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
About this deal
AI
Located at 105 School St in Somerville, MA, this multifamily property was recently sold for a price of $1,100,000. The property spans across 1,793 square feet, resulting in a price per square foot of $613. The sale was facilitated by Matthew Slowik from Compass, representing the buyer, and the Denman Drapkin Group from Compass, representing the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 105 School St, Somerville, MA
- Market: Somerville, MA
- Buyer's Rep: Matthew Slowik - Compass
- Seller's Rep: Denman Drapkin Group - Compass
- SF: 1,793
- PPSF: $613
Matthew Slowik from Compass represented the buyer in this transaction, while the Denman Drapkin Group, also from Compass, represented the seller. This successful sale demonstrates the expertise and negotiation skills of both representatives.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Matthew Slowik to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93