Redfin Corp. Acquires Multifamily Property In Somerville, MA For $1.45M
27 Holyoke Road, Somerville, MA 02144, USA
$1,450,000
$473/SF
Building Size
3,063 SF
Asset Type
MultiFamily
Closing
Nov 30, 2021
AI
A multifamily property located at 27 Holyoke Rd in Somerville, MA has been sold for $1,450,000. The property spans 3,063 square feet, resulting in a price per square foot of $473. Aditi Jain from Redfin Corp represented the buyer while John Buccelli from Berkshire Hathaway HomeServices Verani Realty represented the seller in this transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 27 Holyoke Rd
- Market: Somerville, MA
Aditi Jain, representing Redfin Corp, acted as the buyer's representative in the deal. On the other hand, John Buccelli, from Berkshire Hathaway HomeServices Verani Realty, served as the seller's representative.
Players
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93