Updated Dec 4, 2024
Multifamily Property In Somerville, MA Sells For $1.11M With Buyer's Rep George E. Sousa & Seller's Rep Gr8 Realtors Group
14 Rossmore Street
$1,110,000
$446/SF
Building Size
2,488 SF
Asset Type
MultiFamily
Closing
Sep 29, 2023
About this deal
AI
A multifamily property in Somerville, MA, located at 14 Rossmore Street, has been sold for $1.11 million. The property spans 2,488 square feet and achieved a price per square foot (PPSF) of $446.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Address: 14 Rossmore Street
- Market: Somerville, MA
- SF: 2,488
- PPSF: $446
Representing the buyer in this transaction was George E. Sousa from Action Realty Associates. On the other hand, Gr8 Realtors Group of GR8 Real Estate LLC served as the seller's representative.
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Action Realty Associates to view all their deals.
Browse Somerville multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93