Coldwell Banker Realty Acquires Multifamily Property In Somerville MA For $1.6M
SOLD
$1,638,000
Massachusetts
See Similar DealsMultiFamily3,704 SF
Sold 11/08/2021
SOLD
Coldwell Banker Realty Acquires Multifamily Property In Somerville MA For $1.6M
28 Foskett Street, Somerville, MA 02144, USA
See Similar DealsMultiFamily3,704 SF
Sold 11/08/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$442
Total Square Footage:3,704 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$87,360.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,819.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,764.96
Annual Debt Service$93,179.47
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