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35 Tennyson St, Somerville,...

Updated Oct 28, 2024

Coleman Group Acquires Multifamily Property In Somerville For $1.157M With Seller's Rep Ann Sabbey
SOLDMultiFamily

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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Deal FAQ

About $475 per square foot on a published $1.2M for 2,435 square feet (2020).

Browse Massachusetts multifamily sales on Traded.

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

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