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21 Jaques Street, Somervill...

Melanie Lentini Of Leading Edge Real Estate Represents Seller In $1.35M Multifamily Sale In Somerville, MA
SOLDMultiFamily

Melanie Lentini Of Leading Edge Real Estate Represents Seller In $1.35M Multifamily Sale In Somerville, MA

21 Jaques Street, Somerville, MA, USA

$1,350,000

$327/SF

Building Size

4,119 SF

Asset Type

MultiFamily

Closing

Jan 19, 2021

AI

A multifamily property located at 21 Jaques Street in Somerville, MA has been sold for a price of $1,350,000. The property consists of 3 units with an average price per unit of $450,000. The total square footage of the property is 4,119, resulting in a price per square foot of $328.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Address: 21 Jaques Street, Somerville, MA
  • Market: Somerville, MA
  • Units: 3
  • Price per Unit: $450,000
  • Square Footage: 4,119
  • Price per Square Foot: $328

Leading Edge Real Estate represented the seller, while Keller Williams Realty represented the buyer in this transaction.

Players

Melanie Lentini

Leading Edge Real Estate

Broker

$52.1M

vol

4 deals

Broker

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93