Updated Dec 21, 2023
Stockman Farrar Group Acquires Somerville Multifamily Property For $1.35M With Buyer's Rep Berkshire Hathaway Homeservices And Seller's Rep Charles Ball
16 Putnam Road, Somerville, Massachusetts 02145, United States
$1,350,000
$360/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
May 22, 2022
About this deal
AI
The multifamily property located at 16 Putnam Rd in Somerville, MA has been sold for a total of $1,350,000. With a size of 3,750 square feet, the property was sold at a price per square foot of $360.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 16 Putnam Rd, Somerville, MA
- Market: Somerville, MA
The buyer was represented by Stockman Farrar Group from Realty Executives, while the seller was represented by Charles Ball from Berkshire Hathaway Homeservices Commonwealth Real Estate.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93