Updated Dec 4, 2024
Keller Williams Acquires Multifamily Property On 38 Pinckney Street In Somerville
38 Pinckney Street
$1,275,000
$491/SF
Building Size
2,594 SF
Asset Type
MultiFamily
Closing
Sep 12, 2023
About this deal
AI
In Somerville, MA, a multifamily property at 38 Pinckney Street was sold for $1,275,000. The property spans 2,594 square feet and had a price per square foot of $492.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Property Size: 2,594 square feet
- Price Per Square Foot: $492
- Address: 38 Pinckney Street, Somerville, MA
Nathan Jenkins from Keller Williams represented the buyer in this transaction, while Coldwell Banker Realty represented the seller.
The multifamily sale at 38 Pinckney Street in Somerville, Massachusetts sold for $1.3M in 2023. The building is 2,594 square feet, implying about 491 per square foot on the published price. Nathan Jenkins, Keller Williams Realty appear on the sale alongside Keller Williams Realty. This page is the Somerville, Massachusetts file for the 38 Pinckney Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 38 Pinckney Street around 2023. Published consideration for 38 Pinckney Street is $1.3M, dated 2023. Cite this Keller Williams Acquires Multifamily Property On 38 Pinckney Street In Somerville sale when underwriting similar multifamily product around Somerville, Massachusetts.
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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93