Updated Dec 19, 2023
Compass And Regatta Realty Sell Multifamily Property In Somerville, MA For $1.55M
382 Mcgrath Highway, Somerville, Massachusetts 02143, United States
$1,550,000
$422/SF
Building Size
3,668 SF
Asset Type
MultiFamily
Closing
Jun 9, 2022
About this deal
AI
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.
On the Map
$1,550,000
$422/SF
MultiFamily
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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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93