Updated Dec 19, 2023
Horizon Capital Realty Sells Multifamily Property In Somerville, MA For $1.27M
5 Edgar Terrace, Somerville, MA 02145, USA
$1,270,000
$411/SF
Building Size
3,090 SF
Asset Type
MultiFamily
Closing
Dec 1, 2021
About this deal
AI
A multifamily property located at 5 Edgar Ter in Somerville, MA, has been sold for a total sale price of $1,270,000. The property encompasses a total area of 3,090 square feet. This transaction was facilitated by broker Aaron Parlee from Horizon Capital Realty. The property was listed on social media platform Instagram by Aaron Parlee.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,270,000
- Square Footage: 3,090
- Price per Square Foot: $411
- Address: 5 Edgar Ter, Somerville, MA
- Market: Somerville, MA
Aaron Parlee from Horizon Capital Realty served as the broker for this transaction. The property was listed for sale on Instagram by Aaron Parlee.
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
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93