Updated Dec 19, 2023
Marcus & Millichap Brokers Sell Multifamily Property In Somerville, MA For $1.41M
134 Pearl Street, Somerville
$1,410,000
$378/SF
Building Size
3,725 SF
Asset Type
MultiFamily
Closing
Mar 18, 2021
About this deal
AI
A multifamily property located at 134 Pearl Street in Somerville, MA has been sold for $1,410,000. The property consists of 5 units, with a price per unit of $282,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,410,000
- Units: 5
- Price per Unit: $282,000
The sale of the property was facilitated by Evan Griffith & Tony Pepdjonovic from Marcus & Millichap.
The multifamily sale at 134 Pearl Street, Somerville in Somerville, Massachusetts sold for $1.4M in 2021. Reported inventory is 3,725 square feet across 5 units, or about 378 per square foot. Tony Pepdjonovic, Evan Griffith, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Somerville, Massachusetts file for the 134 Pearl Street, Somerville multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 134 Pearl Street, Somerville around 2021. Published consideration for 134 Pearl Street, Somerville is $1.4M, dated 2021. Cite this Marcus & Millichap Brokers Sell Multifamily Property In Somerville, MA For $1.41M sale when underwriting similar multifamily product around Somerville, Massachusetts.
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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
11.25%
Cash-on-Cash
-3.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93