Gibson Sotheby's International Realty Acquires Multifamily Property In Somerville, MA
SOLD
$1,260,000
Massachusetts
See Similar DealsMultiFamily3,530 SF
Sold 11/16/2021
SOLD
Gibson Sotheby's International Realty Acquires Multifamily Property In Somerville, MA
39 Crocker Street, Somerville, MA, USA
See Similar DealsMultiFamily3,530 SF
Sold 11/16/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$356
Total Square Footage:3,530 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,476.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,973.04
Annual Debt Service$71,676.51
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