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137 Pearl Street

Jennifer Schneider & Tony Nenopoulos Sell Multifamily In Somerville, MA For $1.075M
SOLDMultiFamily

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

Jennifer Schneider

Century 21

Broker

$4.2M

vol

3 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

14.76%

Cash-on-Cash

-4.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93