Marina Papanova Of New Neighbors Acquires Multifamily Property In Somerville, MA For $1.05M
26 Fellsway West
$1,050,000
$289/SF
Building Size
3,628 SF
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
A multifamily property located at 26 Fellsway West in Somerville, MA, has been sold for $1,050,000. The property spans 3,628 square feet, resulting in a price per square foot of $289.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 26 Fellsway West, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Marina Papanova of New Neighbors, while the seller's representative was Maureen Kelly Fromm of Re/Max Preferred Properties. The involvement of these individuals and agencies facilitated the successful sale of the multifamily property.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93