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25 Temple Street

Sino-Us Realty Team Of Keller Williams Realty Represents Buyer In $1.62M Somerville Multifamily Sale
SOLDMultiFamily

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

Joe Danisch

Coelho Realty Group

Broker

$3.9M

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

9.79%

Cash-on-Cash

-2.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93