Updated Sep 9, 2024
Gibson Sotheby's International Realty Acquires Multifamily Property In Somerville, MA
39 Crocker Street, Somerville, MA, USA
$1,260,000
$356/SF
Building Size
3,530 SF
Asset Type
MultiFamily
Closing
Nov 16, 2021
About this deal
AI
A multi-family property located at 39 Crocker St in Somerville, MA has been sold for $1,260,000. The property spans 3,530 square feet with a price per square foot of $357.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,260,000
- Address: 39 Crocker St, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Jessica Cohen Barmach from Gibson Sotheby's International Realty. On the other hand, John Raposo represented the seller as a representative of Encompass Property Solutions LLC.
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
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93