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23-25 Gorham St, Somerville...

Norwich Realty Associates Facilitates $1.63M Multifamily Sale In Somerville, MA
SOLDMultiFamily

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

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.

Players

Anthony Zafferano

Broker

$3.8M

vol

3 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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