Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,835,000
$320/SF
MultiFamily
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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
8.64%
Cash-on-Cash
-2.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93