Updated Sep 9, 2024
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
About this deal
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
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