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
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