Blue Ocean Realty Acquires Multifamily Property At 37 Warner Street, Somerville For $1.295M
37 Warner Street
$1,295,000
$371/SF
Building Size
3,490 SF
Asset Type
MultiFamily
Closing
Aug 28, 2023
AI
A multifamily property located at 37 Warner Street in Somerville, Massachusetts has been sold for $1,295,000. The property spans 3,490 square feet, resulting in a price per square foot of $371.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,295,000
- Square Footage: 3,490
- Address: 37 Warner Street, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Heejeong Joo from Blue Ocean Realty, while the seller's representative was Ed Abrams from RE/MAX Destiny.
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
12.25%
Cash-on-Cash
-3.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93