Updated Dec 4, 2024
The Agency Acquires Multifamily Property In Somerville, MA For $1.1M
22 Crescent Street
$1,100,000
$398/SF
Building Size
2,760 SF
Asset Type
MultiFamily
Closing
Oct 5, 2023
About this deal
AI
A multifamily property located at 22 Cross St in Somerville, MA, was sold for $1.1 million. The property spans 2,760 square feet and has a price per square foot of $399.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 22 Cross St, Somerville, MA
- Market: Somerville, MA
The buyer in this transaction was represented by Linda Shulman from The Agency, while the seller was represented by David Scott from Apartment Rental Experts.
There is no additional information available about this transaction.
Players
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93