Updated Dec 4, 2024
Tipp Realty Facilitates $1.2M Sale Of Multifamily Property In Somerville, MA
19 Howe Street
$1,218,750
$571/SF
Building Size
2,132 SF
Asset Type
MultiFamily
Closing
Dec 19, 2023
About this deal
AI
A multifamily property located at 19 Howe Street in Somerville, MA, has been sold for a total of $1,218,750. The property spans a total square footage of 2,132, resulting in a price per square foot of $572.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,218,750
- Address: 19 Howe Street, Somerville, MA
- Square Footage: 2,132
- Price per Square Foot: $572
- Market: Somerville, MA
The buyer's representative in the deal was Patrick Maher, representing Tipp Realty. On the other hand, the seller was represented by Denman Drapkin Group from Compass.
Please note that all the necessary information regarding this closed transaction has been provided without any additional details available.
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
13.02%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93