Updated Dec 21, 2023
Century 21 North East Sells Multifamily Property In Somerville, MA For $1.25M
146 W Adams St, Somerville, Massachusetts, USA
$1,250,000
$440/SF
Building Size
2,837 SF
Asset Type
MultiFamily
Closing
Nov 23, 2021
About this deal
AI
The multifamily property located at 146 W Adams St in Somerville, MA has been sold for a price of $1,250,000. The property spans 2,837 square feet and was sold at a price per square foot of $441.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Date: 11/23/2021
- Address: 146 W Adams St, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Brian Perry from Concept Properties, while the seller's representative was Roy MacDonald from Century 21 North East.
On the Map
$1,250,000
$440/SF
MultiFamily
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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