Coldwell Banker Realty Acquires Multifamily Property In Somerville For $2.7M
SOLD
$2,685,000
Massachusetts
See Similar DealsMultiFamily3,628 SF
Sold 10/03/2022
SOLD
Coldwell Banker Realty Acquires Multifamily Property In Somerville For $2.7M
30 Day Street, Somerville, Massachusetts 02144, United States
See Similar DealsMultiFamily3,628 SF
Sold 10/03/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$740
Total Square Footage:3,628 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$143,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,539.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,728.27
Annual Debt Service$152,739.24
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