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
- Property Type: Multifamily
- Transaction Amount: $2,980,000
- Address: 110 Perkins Street, Somerville, MA
- Market: Somerville, MA
- Brokers: Nick Jasinski & Rich Cawley from United Multi Family
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
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