Updated Dec 4, 2024
Multifamily Property In Somerville, MA Sold For $1.1M With Compass' Seth Driggin
32 Bartlett Street
$1,100,000
$421/SF
Building Size
2,610 SF
Asset Type
MultiFamily
Closing
Nov 9, 2023
About this deal
AI
A multifamily property located at 32 Bartlett Street in Somerville, MA, has been sold for $1,100,000. The transaction was facilitated by broker Seth Driggin of Compass.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- SF: 2,610
- PPSF: $421
- Address: 32 Bartlett Street, Somerville, MA
- Market: Somerville, MA
Seth Driggin of Compass represented the parties involved in this transaction.
The multifamily sale at 32 Bartlett Street in Somerville, Massachusetts sold for $1.1M in 2023. The building is 2,610 square feet, implying about 421 per square foot on the published price. Seth Driggin, Compass appear on the sale alongside Compass. This page is the Somerville, Massachusetts file for the 32 Bartlett Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 32 Bartlett Street around 2023. Published consideration for 32 Bartlett Street is $1.1M, dated 2023. Cite this Multifamily Property In Somerville, MA Sold For $1.1M With Compass' Seth Driggin sale when underwriting similar multifamily product around Somerville, Massachusetts.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93