Updated Dec 4, 2024
Sabbor Sheikh & Alexander Zedros Broker Multi Use Sale In Somerville, MA
26 Melvin Street & 28 Melvin Street
$1,260,000
$188/SF
Building Size
3,347 SF
Asset Type
MultiFamily
Closing
Jun 27, 2024
About this deal
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.
On the Map
$1,260,000
$188/SF
MultiFamily
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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