Updated Dec 20, 2023
Coldwell Banker First Quality Realty Brokers $2.1M Sale Of Multifamily Property
27 Pearl Street, Somerville, Massachusetts 02145, United States
$2,100,000
$305/SF
Building Size
6,868 SF
Asset Type
MultiFamily
Closing
Mar 27, 2022
About this deal
AI
The multifamily property located at 27 Pearl St in Somerville, MA was recently sold for a total price of $2,100,000. The property spans a total of 6,868 square feet, resulting in a price per square foot of $306.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 27 Pearl St, Somerville, MA
- Market: Somerville, MA
- Square Footage: 6,868
- Price per Square Foot: $306
The sale was facilitated by Martin Tokos from Coldwell Banker First Quality Realty, who served as the broker for this transaction.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93