Sabbor Sheikh & Alexander Zedros Broker Multi Use Sale In Somerville, MA
26 Melvin Street & 28 Melvin Street
$1,260,000
$188/SF
Building Size
6,694 SF
Asset Type
MultiFamily
Closing
Jun 27, 2024
AI
26-28 Melvin St in Somerville, MA, sold for $1.26 million, offering a spacious multifamily home in the Winter Hill Neighborhood near Assembly Row. The property spans 3,347 square feet with a price per square foot of $376.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,260,000
- Address: 26-28 Melvin Street
- Market: Somerville, MA
The buyer's representative for this transaction was Sabbor Sheikh from Coldwell Banker, while the seller's representative was Alexander Zedros from Harbor View Real Estate.
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
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93