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17 Harvard Street, Somervil...

Updated Dec 21, 2023

U3 Realty, LLC Acquires Multifamily Property On Harvard Street, Somerville For $1.625M
SOLDMultiFamily

U3 Realty, LLC Acquires Multifamily Property On Harvard Street, Somerville For $1.625M

17 Harvard Street, Somerville, MA, USA

$1,625,000

$359/SF

Building Size

4,518 SF

Asset Type

MultiFamily

Closing

Feb 15, 2021

About this deal

AI

A multifamily property located at 17 Harvard Street in Somerville, MA has been sold. The sale took place on 02/16/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,625,000
  • Size: 4,518 square feet
  • Price per square foot: $360
  • Market: Somerville, MA

Zena Freije from Coldwell Banker Realty - Chelmsford represented the seller, while Sharon Tang from U3 Realty, LLC represented the buyer in this transaction.

The multifamily sale at 17 Harvard Street, Somerville, MA, USA in Somerville, Massachusetts sold for $1.6M in 2021. The building is 4,518 square feet, implying about 359 per square foot on the published price. Zena Freije, Sharon Tang, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the Somerville, Massachusetts file for the 17 Harvard Street, Somerville, MA, USA 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 17 Harvard Street, Somerville, MA, USA around 2021. Published consideration for 17 Harvard Street, Somerville, MA, USA is $1.6M, dated 2021. Cite this U3 Realty, LLC Acquires Multifamily Property On Harvard Street, Somerville For $1.625M sale when underwriting similar multifamily product around Somerville, Massachusetts.

Players

Sharon Tang

Broker

$1.6M

vol

1 deal

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $359 per square foot on a published $1.6M for 4,518 square feet (2021).

Visit Coldwell Banker to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.76%

Cash-on-Cash

-2.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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