Updated Dec 19, 2023
Jordan Realty Acquires Multifamily Property In Somerville, MA For $1.43M
382 Broadway, Somerville, Massachusetts, USA
$1,429,820
$254/SF
Building Size
5,611 SF
Asset Type
MultiFamily
Closing
May 9, 2021
About this deal
AI
Located at 382 Broadway in Somerville, MA, this multifamily property was sold on May 10, 2021. The property spans 5,611 square feet and was sold for a total price of $1,429,820, resulting in a price per square foot of $255.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,429,820
- Address: 382 Broadway, Somerville, MA
- Market: Somerville, MA
Allan Fils-Aime from Ivy Realty Group represented the seller in this transaction, while Garrett Einis from Jordan Realty represented the buyer.
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
11.09%
Cash-on-Cash
-3.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93