Updated Dec 21, 2023
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.
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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93