Updated Dec 21, 2023
Horvath & Tremblay Brokers Arrange $14M Sale Of Multifamily Property In Somerville, MA
19 Central Street, Somerville, Massachusetts 02143, United States
$14,000,000
$581/SF
Building Size
24,080 SF
Asset Type
MultiFamily
Closing
Mar 23, 2022
About this deal
AI
An multifamily property located at 19 Central Street in Somerville, MA recently sold for $14,000,000. The transaction took place on 03/24/2022. The property consists of 30 units, with an average price per unit of $466,667. It spans a total area of 24,080 square feet, resulting in a price per square foot of $581.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Units: 30
- Price per Unit: $466,667
- Square Feet: 24,080
- Price per Square Foot: $581
- Market: Somerville, MA
The sale of this multifamily property was facilitated by John Pentore and Dennis Kelleher from Horvath & Tremblay.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93