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3 Porter Street, Somerville...

Lori Orchanian Of Coldwell Banker Realty Acquires Multifamily Property In Somerville, MA For $1.8M
SOLDMultiFamily

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

Lori Orchanian

Coldwell Banker

Broker

$10.5M

vol

6 deals

Broker

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