Updated Dec 19, 2023
Berkshire Hathaway HomeServices Acquires Multifamily Property In Somerville For $1.2M
36 Radcliffe Road, Somerville, MA, USA
$1,239,000
$355/SF
Building Size
3,483 SF
Asset Type
MultiFamily
Closing
Feb 25, 2021
About this deal
AI
Located at 36 Radcliffe Road in Somerville, MA, this multifamily property was recently sold on February 26, 2021. The property spans a total of 3,483 square feet, offering ample living space for its future residents. The sale price for this property was $1,239,000, resulting in a price per square foot of $356.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,239,000
- Address: 36 Radcliffe Road, Somerville, MA
- Market: Somerville, MA
The seller's representation in this transaction was Marc Fiore from Cameron Real Estate Group, while the buyer's representative was Sabbor Sheikh from Berkshire Hathaway HomeServices Commonwealth Real Estate. Their expertise and guidance played a crucial role in facilitating the successful sale of this property.
On the Map
$1,239,000
$355/SF
MultiFamily
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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
12.80%
Cash-on-Cash
-3.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93