Updated Dec 19, 2023
Brian Fitzpatrick's Multifamily Property In Somerville, MA Sells For $1.4M
22 Leonard Street, Somerville, Massachusetts, USA
$1,400,000
$485/SF
Building Size
2,883 SF
Asset Type
MultiFamily
Closing
Mar 7, 2021
About this deal
AI
Located at 22 Leonard Street in Somerville, MA, this multifamily property was recently sold for a price of $1,400,000. Spanning across approximately 2,883 square feet, the property offers a price per square foot of $486.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 22 Leonard Street, Somerville, MA
- Market: Somerville, MA
The seller's representative in this transaction was Brian Fitzpatrick from Coldwell Banker Realty - Waltham. On the other hand, the buyer was represented by the 4 Buyers RE Team from 4 Buyers Real Estate LLC.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93