Jennifer Schneider & Tony Nenopoulos Sell Multifamily In Somerville, MA For $1.075M
137 Pearl Street
$1,075,000
$514/SF
Building Size
2,088 SF
Asset Type
MultiFamily
Closing
Jun 12, 2024
AI
A two-family home in East Somerville, MA sold for $1,075,000, featuring 5 bedrooms, 2 baths, and 2,088 sq ft of living space. The property located at 137 Pearl Street offers a large eat-in kitchen, a flexible floor plan, hardwood floors, a heated bedroom, basement living space, a mudroom, and multi-car off-street parking.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Units: 2
- Price Per Unit: $537,500
- Address: 137 Pearl Street
- Market: Somerville, MA
The transaction was facilitated by Jennifer Schneider from Century 21 Elite Realty representing the buyer and Tony Nenopoulos from Leading Edge Real Estate representing the seller, ensuring a successful deal for both parties involved.
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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93