Updated Dec 21, 2023
Robert Ellington Sells Multifamily Property In Somerville, MA For $1.15M With Buyer's Rep Candor Realty Group And Seller's Rep Better Homes & Gardens The Shanahan Group
17 Cambria Street, Somerville, Massachusetts 02143, United States
$1,150,000
$474/SF
Building Size
2,425 SF
Asset Type
MultiFamily
Closing
Apr 27, 2022
About this deal
AI
The multifamily property located at 17 Cambria St in Somerville, MA has been sold for $1,150,000. The property spans a total of 2,425 square feet, resulting in a price per square foot of $474.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 17 Cambria St, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Candor Realty Group - Four Points Real Estate, LLC. On the other hand, Robert Ellington represented the seller, Better Homes & Gardens Real Estate The Shanahan Group.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93