Updated Dec 21, 2023
Norwich Realty Associates Facilitates $1.63M Multifamily Sale In Somerville, MA
23-25 Gorham St, Somerville, Massachusetts, USA
$1,630,000
$357/SF
Building Size
4,563 SF
Asset Type
MultiFamily
Closing
Aug 24, 2021
About this deal
AI
The multifamily property located at 23-25 Gorham St in Somerville, MA has been sold. The property encompasses 4,563 square feet and was sold for a total price of $1,630,000, resulting in a price per square foot of $357.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,630,000
- Square Footage: 4,563
- Price Per Square Foot: $357
- Address: 23-25 Gorham St, Somerville, MA
- Market: Somerville, MA
The sale was facilitated by Anthony Zafferano of Norwich Realty Associates.
The multifamily sale at 23-25 Gorham St, Somerville, Massachusetts, USA in Somerville, Massachusetts sold for $1.6M in 2021. The building is 4,563 square feet, implying about 357 per square foot on the published price. Named participants on the 23-25 Gorham St, Somerville, Massachusetts, USA sale are Anthony (Tony) Zafferano. This page is the Somerville, Massachusetts file for the 23-25 Gorham St, Somerville, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 23-25 Gorham St, Somerville, Massachusetts, USA around 2021. Published consideration for 23-25 Gorham St, Somerville, Massachusetts, USA is $1.6M, dated 2021. Cite this Norwich Realty Associates Facilitates $1.63M Multifamily Sale In Somerville, MA sale when underwriting similar multifamily product around Somerville, Massachusetts.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Anthony (Tony) Zafferano to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.73%
Cash-on-Cash
-2.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93