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
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