Updated Dec 21, 2023
Summer Group Acquires Multifamily Property On Gorham St In Somerville For $1.54M
22 Gorham Street, Somerville, Massachusetts 02144, United States
$1,540,000
$627/SF
Building Size
2,456 SF
Asset Type
MultiFamily
Closing
May 30, 2022
About this deal
AI
A multifamily property located at 20-22 Gorham St in Somerville, MA has been sold at a price of $1,540,000. The property measures 2,456 square feet, resulting in a price per square foot of $627.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,540,000
- Address: 20-22 Gorham St, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Summer Group of Compass, while the seller's representative was Currier, Lane & Young, also of Compass.
The multifamily sale at 22 Gorham Street, Somerville, Massachusetts 02144, United States in Somerville, Massachusetts sold for $1.5M in 2022. The building is 2,456 square feet, implying about 627 per square foot on the published price. This page is the Somerville, Massachusetts file for the 22 Gorham 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 22 Gorham Street, Somerville, Massachusetts 02144, United States around 2022. Published consideration for 22 Gorham Street, Somerville, Massachusetts 02144, United States is $1.5M, dated 2022. Cite this Summer Group Acquires Multifamily Property On Gorham St In Somerville For $1.54M sale when underwriting similar multifamily product around Somerville, Massachusetts.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.30%
Cash-on-Cash
-2.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93