Updated Dec 21, 2023
Unlimited Sotheby's Acquires Multifamily In Somerville, MA For $2.25M
4 Belmont Terrace, Somerville, Massachusetts 02143, United States
$2,249,900
$637/SF
Building Size
3,532 SF
Asset Type
MultiFamily
Closing
Mar 29, 2022
About this deal
AI
The multifamily property located at 4 Belmont Ter in Somerville, MA has been sold for a price of $2,249,900. The property spans approximately 3,532 square feet, resulting in a price per square foot of $637.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,249,900
- Date: 03/30/2022
- Address: 4 Belmont Ter, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Scott Glidden from Unlimited Sotheby's International Realty, while The Steve Bremis Team from Steve Bremis Realty Group represented the seller.
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
7.05%
Cash-on-Cash
-2.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93