Updated Dec 18, 2023
Coldwell Banker Realty Acquires Multifamily Property In Somerville, MA For $1M
42 Waterhouse Street, Somerville, MA 02144, USA
$1,000,000
$396/SF
Building Size
2,525 SF
Asset Type
MultiFamily
Closing
Nov 4, 2021
About this deal
AI
The multifamily property located at 42 Waterhouse St in Somerville, MA has been sold for a total price of $1,000,000. The property spans 2,525 square feet, resulting in a price per square foot of $396.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 42 Waterhouse St, Somerville, MA
- Market: Somerville, MA
Sabbor Sheikh, representing Coldwell Banker Realty - Back Bay, acted as the buyer's representative in this transaction. Joseph Kobialka, from RE/MAX Destiny, represented the seller.
On the Map
$1,000,000
$396/SF
MultiFamily
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Players
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93