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142-144 Jaques Street

Somerville Multifamily Property Sells For $1.25M At 142-144 Jaques Street
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

Danny Zheng

Keller Williams Realty

Broker

$27M

vol

19 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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93