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.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93