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Multifamily Property In Somerville, MA Sells For $1.45M With Buyer's Rep Howard Feinstein & Seller's Rep Eliza Chow
SOLD
$1,450,000
Massachusetts
See Similar DealsMultiFamily3,123 SF
Sold
SOLD
Multifamily Property In Somerville, MA Sells For $1.45M With Buyer's Rep Howard Feinstein & Seller's Rep Eliza Chow
34 Moore Street
See Similar DealsMultiFamily3,123 SF
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$464
Total Square Footage:3123 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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