Updated Dec 19, 2023
Park Hill Real Estate Sells Somerville Multifamily Property For $1M With Buyer's Rep Lisa Li
12 Dana Street, Somerville, Massachusetts 02145, United States
$1,000,000
$416/SF
Building Size
2,402 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
Located at 12 Dana St in Somerville, MA, this multifamily property was recently sold in a closed transaction. The sale took place on 12/15/2021, with a sale price of $1,000,000. The property spans across 2,402 square feet, resulting in a price per square foot of $416.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 12 Dana St, Somerville, MA
- Market: Somerville, MA
- Buyer's Representative: Lisa Li - Feng Shui Realty
- Seller's Representative: Peter T. Soares - Park Hill Real Estate.,inc.
The buyer in this transaction was represented by Lisa Li from Feng Shui Realty, while the seller was represented by Peter T. Soares from Park Hill Real Estate.,inc. This transaction highlights the collaboration between these two brokerage firms.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93