Updated Dec 4, 2024
Real Estate Randy Team Acquires Somerville Multifamily From Romeo Zeqo For $1.5M As Buyer's Rep
16 Curtis Street
$1,500,000
$438/SF
Building Size
3,425 SF
Asset Type
MultiFamily
Closing
Mar 7, 2024
About this deal
AI
A multifamily property at 16 Curtis Street in Somerville, MA, with a square footage of 3,425 was recently sold for a total of $1,500,000, resulting in a price per square foot of $438.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 16 Curtis Street
- Market: Somerville, MA
The Real Estate Randy Team from Compass represented the buyer, while Romeo Zeqo from Best Boston Realty was the seller's representative in the transaction.
The multifamily sale at 16 Curtis Street in Somerville, Massachusetts sold for $1.5M in 2024. The building is 3,425 square feet, implying about 438 per square foot on the published price. Romeo Zeqo, Best Boston Realty appear on the sale alongside Best Boston Realty. This page is the Somerville, Massachusetts file for the 16 Curtis Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 16 Curtis Street around 2024. Published consideration for 16 Curtis Street is $1.5M, dated 2024. Cite this Real Estate Randy Team Acquires Somerville Multifamily From Romeo Zeqo For $1.5M As Buyer's Rep sale when underwriting similar multifamily product around Somerville, Massachusetts.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93