Updated Dec 21, 2023
Samuel Marcotte Of Leading Edge Real Estate Sells Multifamily Property In Somerville, MA For $1.025M
17 Sterling Street, Somerville, Massachusetts 02144, United States
$1,025,000
$426/SF
Building Size
2,404 SF
Asset Type
MultiFamily
Closing
Dec 3, 2021
About this deal
AI
The multifamily property located at 17-19 Sterling St in Somerville, MA has recently been sold. The sale was facilitated by broker Samuel Marcotte from Leading Edge Real Estate. The property consists of two units, with a total size of 2,404 square feet. The sale price for this transaction was $1,025,000, resulting in a per unit price of $512,500. The price per square foot for the property was $426.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Units: 2
- Price per Unit: $512,500
- Square Footage: 2,404
- Price per Square Foot: $426
- Address: 17-19 Sterling St, Somerville, MA
- Market: Somerville, MA
Samuel Marcotte from Leading Edge Real Estate represented the buyer and seller in this transaction. For any inquiries or further information, Samuel can be reached at [email protected] or 617-650-7802.
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Samuel Marcotte to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93