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Blue Ocean Realty Acquires Multifamily Property At 37 Warner Street, Somerville For $1.295M
SOLD
Massachusetts
See Similar DealsMultiFamily3,490 SF
Sold 08/28/2023
SOLD
Blue Ocean Realty Acquires Multifamily Property At 37 Warner Street, Somerville For $1.295M
37 Warner Street
See Similar DealsMultiFamily3,490 SF
Sold 08/28/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$371
Total Square Footage:3,490 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,600.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,138.96
Annual Debt Service$73,667.53
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