Lori Orchanian Of Coldwell Banker Realty Acquires Multifamily Property In Somerville, MA For $1.8M
3 Porter Street, Somerville, Massachusetts, USA
$1,800,000
$424/SF
Building Size
4,236 SF
Asset Type
MultiFamily
Closing
Apr 14, 2021
AI
A multifamily property located at 3 Porter Street in Somerville, MA has recently been sold for $1,800,000. The property spans across 4,236 square feet, resulting in a price per square foot of $425. The transaction took place on April 15, 2021, and was facilitated by Lori Orchanian of Coldwell Banker Realty - Belmont.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 3 Porter Street, Somerville, MA
- Square Footage: 4,236
- Price per Square Foot: $425
Lori Orchanian of Coldwell Banker Realty - Belmont represented the parties involved in this sale transaction. The successful completion of this deal highlights the expertise and efficiency of both the buyer's and seller's representatives.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93