Sino-Us Realty Team Of Keller Williams Realty Represents Buyer In $1.62M Somerville Multifamily Sale
25 Temple Street
$1,620,000
$467/SF
Building Size
3,469 SF
Asset Type
MultiFamily
Closing
Oct 11, 2024
AI
The multi-family property located at 25 Temple Street in Somerville, MA, sold for $1,620,000. This asset features 5 residential units and encompasses a total area of 3,469 square feet. The property, resting on a 3,670 square foot lot, showcases flexible floorplans and includes an in-law suite, highlighted by a price per unit of $324,000 and a price per square foot of $467.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,620,000
- Units: 5
- Square Footage: 3,469
- Lot Size: 3,670
- Price Per Unit: $324,000
- Price Per Square Foot: $467
- Buyer's Representative: Sino-Us Realty Team - Keller Williams Realty
- Seller's Representative: Joe Danisch - Coelho Realty Group
This transaction involved the Sino-Us Realty Team from Keller Williams Realty representing the buyer while Joe Danisch from Coelho Realty Group represented the seller. Both representatives played integral roles in facilitating the sale of this multi-family asset in a competitive market.
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
9.79%
Cash-on-Cash
-2.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93