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.
On the Map
$1,350,000
$360/SF
MultiFamily
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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