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28 Foskett Street, Somervil...

Coldwell Banker Realty Acquires Multifamily Property In Somerville MA For $1.6M
SOLDMultiFamily

Coldwell Banker Realty Acquires Multifamily Property In Somerville MA For $1.6M

28 Foskett Street, Somerville, MA 02144, USA

$1,638,000

$442/SF

Building Size

3,704 SF

Asset Type

MultiFamily

Closing

Nov 8, 2021

AI

A multifamily property located at 28 Foskett St in Somerville, MA has been sold in a recent transaction. The property spans across 3,704 square feet and was sold for a price of $1,638,000, resulting in a price per square foot of $442.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,638,000
  • Address: 28 Foskett St, Somerville, MA
  • Market: Somerville, MA

The buyer's representative in this transaction was Wayne Terrio from Coldwell Banker Realty - Cambridge. On the other side, The Shorey Realty Group represented the seller.

Players

Wayne Terrio

Coldwell Banker

Broker

$4.3M

vol

2 deals

Broker

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

9.68%

Cash-on-Cash

-2.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93