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200 Broadway

Updated Dec 4, 2024

Robert Koritz Of Robert Koritz Real Estate Represents Buyer In $1.065M Multifamily Sale In Somerville
SOLDMultiFamily

Robert Koritz Of Robert Koritz Real Estate Represents Buyer In $1.065M Multifamily Sale In Somerville

200 Broadway

$1,065,000

$373/SF

Building Size

2,854 SF

Asset Type

MultiFamily

Closing

Jul 16, 2024

About this deal

AI

A two-family home located at 200 Broadway in Somerville, MA, sold for $1,065,000. The property has a total square footage of 2,854 and features 6 bedrooms and 2.5 bathrooms. It includes near-matching first and second-floor apartments, a third floor with a kitchenette and bath, and wrap-around porches. The location offers convenient access to local amenities and transportation.

Summary of transaction details:

This transaction included Robert Koritz representing the buyer and Christine Curtin representing the seller, ensuring the interests of both parties were adequately addressed throughout the sale process.

Players

Robert Koritz

Broker

$2.2M

vol

2 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $373 per square foot on a published $1.1M for 2,854 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.89%

Cash-on-Cash

-4.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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