Updated Dec 4, 2024
Multifamily Property In Somerville, MA Sold For $1.2M With Corey Melkonian Of Cameron Prestige, LLC As The Broker
40 Central Road
$1,225,000
$336/SF
Building Size
3,637 SF
Asset Type
MultiFamily
Closing
Sep 28, 2023
About this deal
AI
A multifamily property in Somerville, MA, located at 40 Central Road, was sold for $1,225,000. The property has a total area of 3,637 square feet, resulting in a price per square foot of $337.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Address: 40 Central Road
- Market: Somerville, MA
- Broker: Corey Melkonian - Cameron Prestige, Llc
- Square footage: 3,637
- Price per square foot: $337
The transaction was facilitated by broker Corey Melkonian of Cameron Prestige, Llc. The sale involved a multifamily property in Somerville, MA, with a spacious area of 3,637 square feet. The property attracted buyers due to its favorable price per square foot of $337.
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93