Coldwell Banker Realty Acquires Multifamily Property In Somerville For $2.7M
30 Day Street, Somerville, Massachusetts 02144, United States
$2,685,000
$740/SF
Building Size
3,628 SF
Asset Type
MultiFamily
Closing
Oct 2, 2022
AI
A multifamily property located at 30 Day St in Somerville, MA has been sold for a total price of $2,685,000. The property spans 3,628 square feet, resulting in a price-per-square-foot of $740.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,685,000
- Address: 30 Day St, Somerville, MA
- Market: Somerville, MA
Peter Cote of Coldwell Banker Realty - Cambridge represented the buyer in this transaction, while Thalia Tringo of Thalia Tringo & Associates Real Estate, Inc served as the seller's representative.
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.91%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93