Updated Dec 19, 2023
The LIV Group Acquires Multifamily Property In Somerville, MA For $1.35M
26 Clark Street, Somerville, Massachusetts 02143, United States
$1,350,000
$497/SF
Building Size
2,713 SF
Asset Type
MultiFamily
Closing
Apr 19, 2022
About this deal
AI
The multifamily property located at 26 Clark St in Somerville, MA has been sold for a price of $1,350,000. The property spans across 2,713 square feet, resulting in a price per square foot of $498. The transaction took place on 04/20/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 26 Clark St, Somerville, MA
- Market: Somerville, MA
- Asset Type: Multifamily
- Buyer's Representative: The LIV Group - Berkshire Hathaway Homeservices Commonwealth Real Estate
- Seller's Representative: Murray-gresenz Group - Compass
The buyer in this transaction was represented by The LIV Group from Berkshire Hathaway Homeservices Commonwealth Real Estate, while the seller was represented by Murray-gresenz Group from Compass.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93