facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

42 Elm Street, Somerville, ...

Updated Dec 20, 2023

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

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.

Players

Salvatore Sillari

Century 21

Broker

$4M

vol

3 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $426 per square foot on a published $1.1M for 2,693 square feet (2021).

Visit Salvatore (Brett) Sillari to view all their deals.

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

More Deals

Nearby Markets