Updated Dec 19, 2023
Santana Properties Team Acquires Multifamily Property In Somerville, MA For $1.1M
47 Parkdale Street, Somerville, MA 02143
$1,100,000
$576/SF
Building Size
1,908 SF
Asset Type
MultiFamily
Closing
Jan 14, 2022
About this deal
AI
Located at 47 Parkdale St in Somerville, MA, this multifamily property was recently sold. The transaction took place on January 14, 2022, with a sales price of $1,100,000. The property spans 1,908 square feet, resulting in a price per square foot of $577.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 47 Parkdale St, Somerville, MA
- Market: Somerville, MA
The sale was facilitated by the Santana Properties Team from Keller Williams Realty, representing the buyer and seller in this deal.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93