Updated Dec 19, 2023
Berkshire Hathaway HomeServices Acquires Somerville Multifamily For $1.05M
44 Fairfax Street, Somerville, Massachusetts 02144, United States
$1,050,000
$475/SF
Building Size
2,208 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
About this deal
AI
A multifamily property located at 44 Fairfax St in Somerville, MA, has recently been sold for a price of $1,050,000. The property spans across 2,208 square feet, resulting in a price per square foot of $476.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 44 Fairfax St, Somerville, MA
- Market: Somerville, MA
The buyer in this transaction was represented by Marie Andrews from Pegasus Realty. On the other hand, Derek Nolan from Berkshire Hathaway HomeServices Town & Country acted as the seller's representative.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Berkshire Hathaway HomeServices to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93