Updated Dec 21, 2023
Coldwell Banker Realty - Belmont Acquires Multifamily Property In Somerville For $1.8M
2 Windsor Road, Somerville, Massachusetts 02144, United States
$1,800,000
$557/SF
Building Size
3,231 SF
Asset Type
MultiFamily
Closing
May 30, 2022
About this deal
AI
A multifamily property located at 2 Windsor Rd in Somerville, MA has been sold for $1,800,000. The property spans over 3,231 square feet, resulting in a price per square foot of $557.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 2 Windsor Rd, Somerville, MA
- Market: Somerville, MA
- Buyer's Representative: Joanne Domeniconi - Coldwell Banker Realty - Belmont
- Seller's Representative: Lynn Findlay - Coldwell Banker Realty - Belmont
- Square Footage: 3,231
- Price per Square Foot: $557
Joanne Domeniconi, representing the buyer, and Lynn Findlay, representing the seller, were the key individuals involved in the transaction. Both are associated with Coldwell Banker Realty - Belmont.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Lynn Findlay to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93