Updated Dec 20, 2023
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
About this deal
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.
The multifamily sale at 42 Elm Street, Somerville, MA, USA in Somerville, Massachusetts sold for $1.1M in 2021. The building is 2,693 square feet, implying about 426 per square foot on the published price. Salvatore (Brett) Sillari, Aditi Jain, Century 21 appear on the sale alongside Century 21. This page is the Somerville, Massachusetts file for the 42 Elm Street, Somerville, MA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 42 Elm Street, Somerville, MA, USA around 2021. Published consideration for 42 Elm Street, Somerville, MA, USA is $1.1M, dated 2021. Cite this Redfin Corp. Acquires Multifamily Property In Somerville, MA For $1.1M sale when underwriting similar multifamily product around Somerville, Massachusetts.
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
13.82%
Cash-on-Cash
-3.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93