Rubina Shrestha Rana Of Reva Capital Acquires Multifamily Property In Somerville, MA For $1.2M
SOLD
$1,200,000
Massachusetts
See Similar DealsMultiFamily3,116 SF
Sold 06/18/2021
SOLD
Rubina Shrestha Rana Of Reva Capital Acquires Multifamily Property In Somerville, MA For $1.2M
34 Pearl Street, Somerville, MA, USA
See Similar DealsMultiFamily3,116 SF
Sold 06/18/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$385
Total Square Footage:3,116 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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