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36 Meacham Road, Somerville...

Rev Realty Team Acquires Multifamily Property In Somerville, MA For $1.5M
SOLDMultiFamily

Rev Realty Team Acquires Multifamily Property In Somerville, MA For $1.5M

36 Meacham Road, Somerville, Massachusetts 02144, United States

$1,500,000

$438/SF

Building Size

3,422 SF

Asset Type

MultiFamily

Closing

Mar 23, 2022

AI

The multifamily property located at 36 Meacham Rd in Somerville, MA has been sold for $1,500,000. The transaction was handled by Declan O'Toole from SelectRE Boston, representing the seller, and Rev Realty Team from Revolution Realty, representing the buyer. The property spans a total of 3,422 square feet and was sold at a price per square foot of $438.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Date: 03/24/2022
  • Address: 36 Meacham Rd, Somerville, MA
  • Market: Somerville, MA

Declan O'Toole from SelectRE Boston and Rev Realty Team from Revolution Realty played key roles in facilitating the sale. More details about the transaction were not provided.

Players

Declan O'Toole

SelectRE Boston

Broker

$4.2M

vol

3 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93