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43 Oak St, Somerville, MA 0...

Brynn Jafry & Syed Jafry Acquire Multifamily Property In Somerville For $2.65M
SOLDMultiFamily

Brynn Jafry & Syed Jafry Acquire Multifamily Property In Somerville For $2.65M

43 Oak St, Somerville, MA 02143, USA

$2,650,000

$55/SF

Building Size

47,920 SF

Asset Type

MultiFamily

Closing

Mar 25, 2020

AI

The multifamily property located at 43-45 Oak Street in Somerville has been sold for a total price of $2,650,000. The property spans a total area of 4,792 square feet, resulting in a price per square foot of $553. This multifamily asset comprises of 4 units, with each unit having a price per unit of $662,500.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,650,000
  • Address: 43-45 Oak Street, Somerville
  • Market: Somerville
  • Square Footage: 4,792
  • Price per Square Foot: $553
  • Number of Units: 4
  • Price per Unit: $662,500

The seller of the property was represented by @CityRealtyBoston through Fred Starikov and Stephen Whalen. On the other hand, Brynn Jafry and Syed Jafry emerged as the buyers in this transaction. The deal was facilitated by Jason Manganello and Scott Johnson from The Residential Group.

Players

Jason Manganello

William Raveis Real Estate

Broker

$10.9M

vol

4 deals

Broker
Fred Starikov

Fred Starikov

City Realty Group

Seller

$66.7M

vol

12 deals

Seller

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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93