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222 School Street, Somervil...

Full Circle Realty LLC Acquires Multifamily Property In Somerville, MA For $1.005M
SOLDMultiFamily

Full Circle Realty LLC Acquires Multifamily Property In Somerville, MA For $1.005M

222 School Street, Somerville, Massachusetts, USA

$1,005,000

$316/SF

Building Size

3,175 SF

Asset Type

MultiFamily

Closing

Mar 4, 2021

AI

The multifamily property located at 222-224 School Street in Somerville, MA was recently sold for a total price of $1,005,000. The property spans a total square footage of 3,175, resulting in a price per square foot of $317.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,005,000
  • Address: 222-224 School Street, Somerville, MA
  • Market: Somerville, MA

The seller's representative in this transaction was Roberta Toner from Century 21 North East - Norton Group RE. On the other side, Christopher Mehr represented the buyer as the broker from Full Circle Realty LLC.

Players

Roberta Toner

Century 21

Broker

$1M

vol

1 deal

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

15.78%

Cash-on-Cash

-4.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93