Coldwell Banker First Quality Realty Brokers $2.1M Sale Of Multifamily Property
SOLD
$2,100,000
Massachusetts
See Similar DealsMultiFamily6,868 SF
Sold 03/28/2022
SOLD
Coldwell Banker First Quality Realty Brokers $2.1M Sale Of Multifamily Property
27 Pearl Street, Somerville, Massachusetts 02145, United States
See Similar DealsMultiFamily6,868 SF
Sold 03/28/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$305
Total Square Footage:6,868 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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