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2 Ivaloo Street, Somerville...

John P. Bulman Of Brad Hutchinson Real Estate Sells Multifamily Property On Ivaloo St In Somerville, MA For $2.9M
SOLDMultiFamily

John P. Bulman Of Brad Hutchinson Real Estate Sells Multifamily Property On Ivaloo St In Somerville, MA For $2.9M

2 Ivaloo Street, Somerville, Massachusetts 02143, United States

$2,900,000

$447/SF

Building Size

6,474 SF

Asset Type

MultiFamily

Closing

Sep 6, 2022

AI

The multifamily property located at 2 Ivaloo St in Somerville, MA has been sold for a price of $2,900,000. The transaction was facilitated by John P. Bulman from Brad Hutchinson Real Estate. The property spans a total area of 6,474 square feet, resulting in a price per square foot of $448.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,900,000
  • Date: 09/07/2022
  • Address: 2 Ivaloo St, Somerville, MA
  • Market: Somerville, MA
  • Agent: John P. Bulman - Brad Hutchinson Real Estate

This transaction showcases the successful collaboration between the buyer, seller, and their respective representatives. The expertise and negotiation skills of John P. Bulman from Brad Hutchinson Real Estate played a crucial role in finalizing the deal.

Players

John Bulman

Brad Hutchinson Real Estate

Broker

$5.9M

vol

3 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93