facebook
Traded Co logo
Submit

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

Property Image
SOLD
$1,148,000

Massachusetts

See Similar Deals
MultiFamily2,693 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

42 Elm Street, Somerville, MA, USA

See Similar Deals
MultiFamily2,693 SF
Sold
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$426
Total Square Footage:2693 SF
Transaction Type:Sale

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 (Brett) Sillari
3 deals$4M volume
BROKER

Aditi Jain
2 deals$2.6M volume
BROKER

Details

SOLD
IMAGE: Aditi Jain & Salvatore Sillari DATE: 02/25/2021 ADDRESS: 42 Elm Street MARKET: Somerville, MA ASSET TYPE: Multifamily SELLER'S REP: Salvatore Sillari - Century 21 Avon BUYER'S REP: Aditi Jain - Redfin Corp. SALE PRICE: $1,148,000 SF: 2,693 ~ PPSF: $426

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$61,226.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,078.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,442.11
Annual Debt Service$65,305.27