Compass And Regatta Realty Sell Multifamily Property In Somerville, MA For $1.55M
SOLD
$1,550,000
Massachusetts
See Similar DealsMultiFamily3,668 SF
Sold 06/10/2022
SOLD
Compass And Regatta Realty Sell Multifamily Property In Somerville, MA For $1.55M
382 Mcgrath Highway, Somerville, Massachusetts 02143, United States
See Similar DealsMultiFamily3,668 SF
Sold 06/10/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$422
Total Square Footage:3,668 SF
Transaction Type:Sale
A multifamily property located at 382 McGrath Hwy in Somerville, MA has been sold for $1,550,000. The property spans 3,668 square feet and has a price per square foot of $423. The sale took place on 06/10/2022 and was facilitated by Mike Cohen from Compass and Jennie Zheng from Regatta Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,550,000
Mike Cohen from Compass and Jennie Zheng from Regatta Realty played significant roles in the deal as the brokers representing the buyer and seller, respectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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