Dee Minnock Acquires Multifamily Property In Somerville, MA For $1.5M
116 Pearson Road, Somerville, Massachusetts 02144, United States
$1,500,000
$477/SF
Building Size
3,144 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
AI
A multifamily property located at 116 Pearson Rd in Somerville, MA has been sold for $1,500,000. The property spans 3,144 square feet and sold at a price per square foot of $477.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 116 Pearson Rd, Somerville, MA
- Market: Somerville, MA
- Seller's Representative: Marjie and Phil - Coldwell Banker Realty - Arlington
- Buyer's Representative: Dee Minnock - SelectRE Boston
The seller's representatives in this deal were Marjie and Phil from Coldwell Banker Realty - Arlington. On the other hand, Dee Minnock represented the buyer. No additional information was provided about the transaction.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93