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.
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