Updated Dec 21, 2023
Erb Realty Group Sells Multifamily Property On High St, Somerville MA For $1.1M
2-4 High Street, Somerville, Massachusetts 02144, United States
$1,100,000
$378/SF
Building Size
2,907 SF
Asset Type
MultiFamily
Closing
Jan 12, 2022
About this deal
AI
Located at 2-4 High St in Somerville, MA, this multifamily property was recently sold for a total of $1,100,000. The property spans a total of 2,907 square feet, resulting in a price per square foot of $378.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
Eric Erb from Erb Realty Group represented the seller and buyer in this transaction.
The multifamily sale at 2-4 High Street, Somerville, Massachusetts 02144, United States in Somerville, Massachusetts sold for $1.1M in 2022. The building is 2,907 square feet, implying about 378 per square foot on the published price. Named participants on the 2-4 High Street, Somerville, Massachusetts 02144, United States sale are Eric Erb. This page is the Somerville, Massachusetts file for the 2-4 High Street, Somerville, Massachusetts 02144, United States 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 2-4 High Street, Somerville, Massachusetts 02144, United States around 2022. Published consideration for 2-4 High Street, Somerville, Massachusetts 02144, United States is $1.1M, dated 2022. Cite this Erb Realty Group Sells Multifamily Property On High St, Somerville MA For $1.1M sale when underwriting similar multifamily product around Somerville, Massachusetts.
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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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93