Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,500,000
$438/SF
MultiFamily
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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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93