Updated Dec 21, 2023
Move2boston Group Acquires Multifamily Property On Medford St, Somerville For $1.38M
471 Medford St, Somerville, Massachusetts 02145, United States
$1,380,000
$447/SF
Building Size
3,084 SF
Asset Type
MultiFamily
Closing
Apr 21, 2022
About this deal
AI
The multifamily property located at 471 Medford St in Somerville, MA was recently sold for a price of $1,380,000. This property spans across 3,084 square feet, resulting in a price per square foot of $447.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,380,000
- SF: 3,084
- PPSF: $447
- Market: Somerville, MA
The buyer in this transaction was represented by Adrian Cheng from Move2boston Group, Llc, while David Lilley from Re/Max Destiny served as the seller's representative.
The multifamily sale at 471 Medford St, Somerville, Massachusetts 02145, United States in Somerville, Massachusetts sold for $1.4M in 2022. The building is 3,084 square feet, implying about 447 per square foot on the published price. David Lilley, Adrian Cheng, Re/Max appear on the sale alongside Re/Max. This page is the Somerville, Massachusetts file for the 471 Medford St, Somerville, Massachusetts 02145, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 471 Medford St, Somerville, Massachusetts 02145, United States around 2022. Published consideration for 471 Medford St, Somerville, Massachusetts 02145, United States is $1.4M, dated 2022. Cite this Move2boston Group Acquires Multifamily Property On Medford St, Somerville For $1.38M sale when underwriting similar multifamily product around Somerville, Massachusetts.
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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
11.49%
Cash-on-Cash
-3.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93