Updated Dec 4, 2024
Multifamily Property In Somerville, MA Sells For $1.45M With Buyer's Rep Howard Feinstein & Seller's Rep Eliza Chow
34 Moore Street
$1,450,000
$464/SF
Building Size
3,123 SF
Asset Type
MultiFamily
Closing
Aug 23, 2023
About this deal
AI
A multifamily property located at 34 Moore Street in Somerville, MA, was recently sold. The property was sold for a total price of $1,450,000, which translates to a price per square foot of $464. The property spans a total of 3,123 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 34 Moore Street, Somerville, MA
- Market: Somerville, MA
- Buyer's Representative: Howard Feinstein - Franklin Real Estate
- Seller's Representative: Eliza Chow - American Fortune Real Estate
The buyer in this transaction was represented by Howard Feinstein of Franklin Real Estate, while the seller was represented by Eliza Chow of American Fortune Real Estate.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93