Updated Dec 21, 2023
EXp Realty Acquires Multifamily Property In Somerville, MA For $1.31M
29-31 Barton Street, Somerville, MA, USA
$1,310,000
$436/SF
Building Size
3,001 SF
Asset Type
MultiFamily
Closing
Apr 8, 2021
About this deal
AI
The recently closed property transaction in Somerville, MA involved a multifamily asset located at 29-31 Barton Street. The property was sold by Brian Segool, Diana Segool, and Hong Shuang Ma. The deal was facilitated by Brian Segool and Diana Segool of Gibson Sotheby's International Realty, representing the seller. Hong Shuang Ma of eXp Realty acted as the buyer's representative.
Summary of Transaction Details:
- Property Type: Multifamily
- Sale Price: $1,310,000
- Square Footage: 3,001
- Price per Square Foot: $437
- Market: Somerville, MA
The seller's representatives, Brian Segool and Diana Segool of Gibson Sotheby's International Realty, played a crucial role in closing the deal. On the buyer's side, Hong Shuang Ma from eXp Realty provided expertise and guidance throughout the 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
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93