Updated Oct 28, 2024
Coleman Group Acquires Multifamily Property In Somerville For $1.157M With Seller's Rep Ann Sabbey
35 Tennyson St, Somerville, Massachusetts, USA
$1,157,000
$475/SF
Building Size
2,435 SF
Asset Type
MultiFamily
Closing
Jun 28, 2020
About this deal
AI
The multifamily property located at 35 Tennyson St in Somerville, MA recently sold for $1,157,000. The transaction took place on 06/28/2021, and the property spans approximately 2,435 square feet. The price per square foot for this sale was $475. Ann Sabbey from RE/MAX Destiny represented the seller, while the buyer was the Coleman Group from William Raveis R.E. Home Services.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,157,000
- Date: 06/28/2021
- Address: 35 Tennyson St
- Market: Somerville, MA
- Seller: Ann Sabbey - RE/MAX Destiny
- Buyer: Coleman Group - William Raveis R.E. Home Services
- Size: 2,435 SF
- Price per Square Foot: $475
This transaction involved Ann Sabbey from RE/MAX Destiny representing the seller of the property, while the buyer was the Coleman Group from William Raveis R.E. Home Services.
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
13.71%
Cash-on-Cash
-3.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93