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34 Pearl Street, Somerville...

Rubina Shrestha Rana Of Reva Capital Acquires Multifamily Property In Somerville, MA For $1.2M
SOLDMultiFamily

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

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.

Players

Rubina Shrestha Rana

Broker

$2.4M

vol

2 deals

Broker

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