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
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.
Players
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