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
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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