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116 Pearson Road, Somervill...

Dee Minnock Acquires Multifamily Property In Somerville, MA For $1.5M
SOLDMultiFamily

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

Marjie Fitzpatrick

Coldwell Banker

Broker

$5.7M

vol

4 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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