Marcus & Millichap Sells Multifamily Property In Somerville For $1.835M
49-51 Perry Street, Somerville, MA, USA
$1,835,000
$320/SF
Building Size
5,732 SF
Asset Type
MultiFamily
Closing
Jan 5, 2020
AI
Located at 49-51 Perry Street in Somerville, this multifamily property was recently sold on January 6, 2020. The property spans 5,732 square feet and was sold for a price of $1,835,000, resulting in a price per square foot of $320.13. The transaction was facilitated by brokers Harry Verenis and Matt Pierce from Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,835,000
- Square Footage: 5,732
- Price Per Square Foot: $320.13
- Address: 49-51 Perry Street, Somerville
Harry Verenis and Matt Pierce from Marcus & Millichap played crucial roles as the brokers in this sale. They effectively represented the parties involved in this transaction, aiding in its successful completion.
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
8.64%
Cash-on-Cash
-2.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93