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42 Elm Street, Somerville, ...

Redfin Corp. Acquires Multifamily Property In Somerville, MA For $1.1M
SOLDMultiFamily

Redfin Corp. Acquires Multifamily Property In Somerville, MA For $1.1M

42 Elm Street, Somerville, MA, USA

$1,148,000

$426/SF

Building Size

2,693 SF

Asset Type

MultiFamily

Closing

Feb 24, 2021

AI

The multifamily property located at 42 Elm Street in Somerville, MA has been sold for a price of $1,148,000. The property spans across 2,693 square feet, resulting in a price per square foot of $426.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,148,000
  • Date: 02/25/2021
  • Address: 42 Elm Street, Somerville, MA
  • Market: Somerville, MA

The seller's representative for this transaction was Salvatore Sillari from Century 21 Avon, while the buyer's representative was Aditi Jain from Redfin Corp.

Players

Salvatore Sillari

Century 21

Broker

$4M

vol

3 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.82%

Cash-on-Cash

-3.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93