SOLDMultiFamily
Keller Williams Realty Acquires Somerville Multifamily Asset For $2.15M
17 Otis Street
$2,150,000
$565/SF
Building Size
3,800 SF
Asset Type
MultiFamily
Closing
Oct 16, 2023
AI
In Somerville, Massachusetts, a multifamily asset at 17 Otis Street was sold for $2.15 million. The property spans 3,800 square feet and has a price per square foot of $566.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Address: 17 Otis Street, Somerville, MA
- Market: Somerville, MA
Patricia Baker from Keller Williams Realty - Chestnut Hill represented the buyer in the deal, while Vito Neshev acted as the seller's representative.
Players
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93