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
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.
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