Updated Dec 21, 2023
Rubina Shrestha Rana Of Reva Capital Acquires Multifamily Property In Somerville, MA For $1.2M
34 Pearl Street, Somerville, MA, USA
$1,200,000
$385/SF
Building Size
3,116 SF
Asset Type
MultiFamily
Closing
Jun 17, 2021
About this deal
AI
The multifamily property located at 34 Pearl St in Somerville, MA recently sold for $1,200,000. This property has a total square footage of 3,116, resulting in a price per square foot of $385. The sale took place on June 18, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 34 Pearl St, Somerville, MA
- Market: Somerville, MA
- Square Footage: 3,116
- Price per Square Foot: $385
The seller's representative for this transaction was Anthony Sabatino from eXp Realty, while the buyer's representative was Rubina Shrestha Rana from Reva Capital Realty.
On the Map
$1,200,000
$385/SF
MultiFamily
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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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93