Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,800,000
$424/SF
MultiFamily
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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