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110 Perkins Street, Somervi...

110 Perkins Street Multifamily Sold For $2.98M With Brokers Nick Jasinski And Rich Cawley - United Multi Family
SOLDMultiFamily

110 Perkins Street Multifamily Sold For $2.98M With Brokers Nick Jasinski And Rich Cawley - United Multi Family

110 Perkins Street, Somerville, MA, USA

$2,980,000

$537/SF

Building Size

5,543 SF

Asset Type

MultiFamily

Closing

Jan 13, 2021

AI

110 Perkins Street in Somerville, MA, was recently sold in a multifamily transaction. The property features 14 units with a total square footage of 5,543. The sale price for this asset was $2,980,000, resulting in a price per square foot of $538. The per unit price was $212,857.

Summary of transation details

The deal was facilitated by Nick Jasinski and Rich Cawley, who represented the involved parties in this transaction. They are brokers from United Multi Family, a reputable agency in the region.

Players

Nick Jasinski

Broker

$31.5M

vol

14 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

5.32%

Cash-on-Cash

-1.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93