SOLDMultiFamily
Somerville Multifamily Property Sells For $1.25M At 142-144 Jaques Street
142-144 Jaques Street
$1,250,000
$365/SF
Building Size
3,420 SF
Asset Type
MultiFamily
Closing
Dec 7, 2023
AI
In Somerville, MA, a multifamily property at 142-144 Jaques Street was recently sold for $1,250,000. The property has a total square footage of 3,420 and sold at a price of $365 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Square Footage: 3,420
- Price per Square Foot: $365
- Address: 142-144 Jaques Street, Somerville, MA
Danny Zheng from Keller Williams represented the buyer in this transaction, while Charles Cherney from Compass represented the seller.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93